Investments in Saudi Arabia’s maritime sector have exceeded SR25 billion ($6.66 billion), driven by successful collaborations between the Saudi Ports Authority and private sector partners. Omar Hariri, president of the Saudi Ports Authority, announced this during the inauguration of a new logistics zone at Jeddah Islamic Port.
Over the past four years, significant investments have been made through partnerships with national and international companies. These collaborations have led to major projects across various Saudi ports, including container terminal contracts, logistics zones, and maritime services, all aimed at enhancing capacity, operational efficiency, and logistics capabilities.
The Kingdom’s logistics sector has been transformed by Vision 2030 and the National Industrial Strategy. With a population of 36 million and a GDP of $1.81 trillion, Saudi Arabia presents substantial opportunities for global logistics players and stands as a crucial hub on major trade routes.
Hariri also announced a strategic partnership with Maersk, which has invested SR1.3 billion in Jeddah Port, marking its largest global investment. Additionally, 47 new shipping routes have been added, bringing the total number of navigational services at Saudi ports to 115. Hariri highlighted the ongoing development of 17 logistics zones at the ports of Jeddah and Dammam, underscoring efforts to advance the Kingdom’s maritime infrastructure.