• 2017 October 26 15:59

    DP World announces plans to develop Saudi Arabia’s Jeddah port

    Sultan Ahmed Bin Sulayem , Group  Chairman and CEO of global trade enabler DP World, unveiled  plans to develop Saudi Arabia’s  Jeddah port in support of the Saudi Vision 2030 recently launched by HRH Crown Prince  Mohammed bin Salman bin Abdulaziz. 

    Mr. Bin Sulayem was speaking at the  Future Investment Initiative (FII ) in Riyadh on a panel  discussion entitled ‘D ynamic Economies: What are the new ways to solve diversification? ’ He outlined the significance of Jeddah Port as  a gateway port for the Saudi market and for the  region, connecting to major markets in Africa and the Middle East, and that its role as a trade  hub can be further boosted by DP World’s vision for its development over the next 30 years.  The Saudi Vision 2030 will  also  play a pivotal role in changing the economic landscape of the  King dom, wider region and the world. 

    Saudi Crown Prince Mohammed bin Salman also announced at the conference plans  to build a  new $500 billion  mega project called NEOM that spans th ree countries. Mr. Bin Sulayem  commended the visionary project and highlighted  how DP World’s plans for Jeddah support the  project and will help to realise the  potential for economic growth owing to its geographical  proximity to major markets and trade rou tes  – 10% of  world trade will pass through NEOM ,  while spurring innovations in the fields of technology, communications and renewable energy. 

    DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem  said:  “ As the first  major investor in Jeddah port for al most 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. Our plans involve  increasing efficiencies using innovative tech solutions and  making it a  semi - automated facility to create skilled jobs for Saudi nationals, transforming 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 m arkets,  particularly the Red Sea, which is the blood line of global trade. Jeddah Port is pivotal  in facilitating the movement of goods between east and west,  and in boosting Saudi exports. “Our proposals  are designed at boosting efficiency by enabling local businesses, opening new  avenues for growth while  support ing the government in achieving the Saudi Vision  2030. This is  part of our role as partners  – to add value to nations and to deliver sustainable solutions for the  benefit of all. “ Trade and infra structure  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 % of Dubai’s GDP. 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. “

    The UAE and Saudi Arabia’s strong historic relations are underlined by the clear vision of its  great leaders who have planne d a bright future for their people based on solid economic  foundations.” 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  domesti c  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.




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