DP World unveils plan to improve Jeddah port
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DP World has unveiled plans to develop Saudi Arabia’s Jeddah Port in support of the Saudi Vision 2030, as recently launched by Saudi Crown Prince, Mohammed bin Salman.
“As the first major investor in Jeddah port for almost 20 years now, we are committed to supporting the Kingdom’s effort to leverage its resources and investment capabilities through the development of Jeddah port,” said DP World Group chairman and CEO Sultan Ahmed Bin Sulayem.
Jeddah Port is pivotal in facilitating the movement of goods between east and west, and in boosting Saudi exports.
Bin Sulayem added his DP World’s plans involve increasing efficiencies by using innovative tech solutions and making it a semi-automated facility to create skilled jobs for Saudi nationals.
It also aims to transform the port to an important gateway to markets serving 500 million people which will make the kingdom’s ports and logistics services a necessity and not a choice for global trade markets, particularly the Red Sea, which is the blood line of global trade.
“Trade and infrastructure are key pillars in diversifying economies supported by technology and automation as we’ve seen at our Jebel Ali Port and Freezone, which together contribute to over 20 percent of Dubai’s GDP,” Bin Sulayem said.
Logistics corridors are another way of making life easier for business. While access to data through digital technology and transparent information are also essential in building governance.
DP World operates the South Container Terminal (SCT) at Jeddah Islamic Port, a crucial link in the world’s busy east-west trade routes through the Red Sea and serving a major domestic cargo base in Saudi Arabia.
The port is the main import destination for the country, handling 59% of its imports by sea and serving main commercial centres.