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Ports
King Abdullah Port H1 volume up 6.69pc to 1,502,720 TEU
Date:2022-08-07 Readers:
SAUDI's Red Sea King Abdullah Port posted a 6.69 per cent year-on-year first half container volume increase to 1,502,720 TEU, according to the port authority.

"Amid evolving demands, we believe in our capabilities which allow us to overcome a variety of conditional industrial shifts, both projected and unforeseen," said port CEO Jay New.

Owned by the Ports Development Company, King Abdullah Port is the region's first port to be owned, developed, and operated by the private sector.

In May, the port lifted 15 million TEU in record time since container terminal operations started nine years ago. The port's most recent increase in H1 2022 follows a 31 per cent rise in container import and export during 2021.

In 2021, the port was awarded the title of the most efficient port globally according to a global index developed by the World Bank and S&P Global Intelligence.

"Featuring superior infrastructure and 18-meter-deep berths, King Abdullah Port remains a key strategic facility to enable the Kingdom of Saudi Arabia's ambitions of becoming a leading provider of logistics internationally," said the press release.

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