Jeddah Port expands for Vision 2030
Jeddah Islamic Port is to play a key role in Saudi Arabia’s ambitious plans for economic, social and cultural growth.
A series of infrastructure developments will ensure that, alongside other key ports, Jeddah Islamic Port can offer ‘unparalleled opportunities’ for investment, collaboration and growth as part of the kingdom’s Vision 2030 plan.
“Red Sea Gateway Terminal, along with its partner Mawani, undertook an ambitious programme to redevelop key infrastructure along those corridors,” said Aamer Alireza, chair of Red Sea Gateway Terminal.
“Today, Red Sea Gateway Terminal is in the midst of a US$1.7 billion development program at the port in Jeddah.”
Jeddah Islamic Port’s unique location allows it to serve both African markets and eastern trade partners, amplifying its role as a central node in regional and global commerce.
Mohammad Shihab, managing director of Maersk Saudi, said that emerging trade relationships with Africa and India have the potential to further boost Jeddah Islamic Port’s prominence in the coming years.
“We believe in the vision of the Kingdom, and that’s why we’ve made one of our largest investments here,” he said.
“Saudi Arabia’s market size and strategic location along the Red Sea make it a highly attractive destination for long-term logistics infrastructure development.”
Chris Hayman, chair emeritus of Sea Trade Maritime Informa Markets, said Saudi Arabia’s growth programme was attracting global interest. “We’re going to see a lot more foreign investment in infrastructure to support what already has been done so far,” he said.
“Saudi Arabia has a fantastic geographical location, well-positioned in the east-west trade routes and north-south. The Saudi ports are extremely well-positioned to take advantage of that.”