MAWANI, DP World Partner to Launch New Shipping Line
In partnership with DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, the Saudi Ports Authority (MAWANI) has launched the first direct shipping line connecting UAE’s Jebel Ali Port in Dubai with Egypt’s Sokhna Port through Jeddah Islamic Port.
The announcement ushers in a new era in the region’s shipping industry, as the new shipping line, the fourth to be launched by MAWANI in 2020, aims to provide shipping services on the Red Sea coast.
The move has been taken under the supervision and follow-up of the Saudi Minister of Transport, HE Eng. Saleh Bin Nasser Al-Jasser.
The Ministry of Transport’s vision has been focused on linking the Kingdom to the surrounding countries by sea, land and air in a strategy aimed at unlocking numerous opportunities utilising the unique location of Saudi Arabia and connecting it intermodally with Europe and Africa using Saudi as an important land bridge.
DP World in December last year was awarded a 30-year Build-Operate-Transfer (BOT) concession by MAWANI, for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.
Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC’s), considered the world’s largest mega containerships.
HE Eng. Saad Alkhalb, President of Saudi Ports Authority (MAWANI), said: “The launch of the new shipping line is part of MAWANI’s ambitious initiatives to achieve its strategic goals set by the National Industrial Development and Logistics Programme (NIDLP) to support economic growth, foster investments and contribute to achieving Saudi Vision 2030 positioning Saudi Arabia as a global centre for logistics."
Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said: “DP World is pleased that our strategic partnership with the Saudi Ports Authority (MAWANI) is moving from strength to strength, thanks to the continued support of His Excellency Eng. Saleh Bin Nasser Al-Jasser, the Right Honorable Minister of Transport.
"The launch of the first dedicated shipping service connecting Jebel Ali, Jeddah and Sokhna will be a game changer in promoting the much-needed intra-regional trade.”
"This development is also the result of the encouragement and drive by His Excellency Eng. Saad Alkhalb, President of the Saudi Ports Authority. The shipping line will directly benefit the Arab world's three largest markets.
"DP World in Jeddah is integral to the Saudi ports ecosystem and raises the Kingdom's competitiveness in line with its 2030 growth vision."