Saudi Ports Authority takes steps to boost export volume
The Saudi Ports Authority (MAWANI) has decided to reduce its terminal handling charges of import empty containers at Jubail port.
It is part of MAWANI’s efforts to transform the Kingdom into a unique logistics platform in accordance with the Vision 2030.
The authority has also decided to increase port demurrage or storage free days from five to 15 days to enable exporters to receive empty containers directly from Jubail port.
These decisions were made at the first board of directors meeting recently held at the authority’s headquarters.
The Kingdom is working on plans to boost its non-oil exports and the strategy adopted by the ports authority is aimed at boosting exports from all sectors.
MAWANI President Saad Al-Khalb said by taking these measures the authority wishes to contribute to improving and changing the market condition to help boost the Kingdom’s overall export volume.
Maritime ports in Saudi Arabia had been receiving great attention since their inception under the Kingdom’s founder King Abdul Aziz, to form one of the nation’s most important economic and commercial streams, as well as playing a major role in boosting its regional and international trade.
Source: Arab News