King Abdullah Port Celebrates Record 15 Million TEU Throughput
In an exceptional milestone on its journey to becoming a leading global logistics and transportation hub, King Abdullah Port reached 15 million TEU in container throughput.
The achievement comes as a testimony to its highly efficient public-private partnership business model and complements the efforts of the Saudi Vision 2030 to drive growth across the logistics sector.
King Abdullah Port hit the new milestone in throughput in a record time of under nine years since its container terminal commenced operations in September 2013, cementing its standing as a leading container port in the Middle East.
It is thanks to the port’s state-of-the-art infrastructure and facilities built to global standards, market-leading service offerings, and efficient operations.
Amid the continuing market challenges worldwide due to the COVID-19 pandemic, the port has registered double-digit growth in 2021 with an outstanding 31% rise in container throughput, furthering its reputation as a thriving trade hub on the globally important East-West shipping route.
Commenting on the achievement, Jay New, CEO of King Abdullah Port, said: “Since the launch of our container terminal in 2013, we have relentlessly pursued excellence in our service offerings through the development of world-class infrastructure and port facilities.
"These efforts have resulted in shining milestones that strengthen King Abdullah Port’s growing significance as a leading regional provider of comprehensive logistics solutions and a trusted partner of Saudi Arabia’s private and public sectors.
"The 15 million TEU accomplishment in a record time signifies our strong growth and resilience despite challenges facing international trade and the maritime shipping sector over the years.
"Even at the height of supply chain disruptions worldwide due to the spread of COVID-19 during the past two years, we have effectively served our customers and played a key role in the Kingdom’s efforts to fight the pandemic.”
One of the Middle East’s largest infrastructure megaprojects, King Abdullah Port has been built to the latest specifications and standards and is designed to support trade and economic growth in the Kingdom for decades to come.
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.
Ranked as the world’s second most efficient port by The World Bank in 2020, the port emerged as one of the world’s top 100 ports within four years of operation.
With its strategic location in King Abdullah Economic City – a modern city with a pro-business ecosystem and infrastructure – King Abdullah Port leverages the city’s advanced facilities and services, particularly the Industrial Valley, which has attracted many logistics projects as well as light and medium industries.