Riyadh to host next World Economic Forum regional summit

The announcement was made at a special meeting at Davos to consider the strategic priorities for Saudi Arabia as it prepares to stage the G20 meeting of world leaders in the Kingdom in November 2019. (AFP/File)
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Updated 23 January 2020
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Riyadh to host next World Economic Forum regional summit

  • The theme of the meeting will be the place of the region in the fourth industrial revolution
  • Middle East WEF’s in the past have been staged in Egypt, Jordan and some have been held in the UAEDAVOS: Saudi Arabia will host the next Middle East summit of the World Economic Forum, the first time the Kingdom has staged the prestigious meeting of world

DAVOS: Saudi Arabia will host the next Middle East summit of the World Economic Forum, the first time the Kingdom has staged the prestigious meeting of world leaders, it was announced in Davos on Thursday.

Borge Brende, the WEF president, told delegates: “The next Middle East summit will be held in Saudi Arabia on the 5 and 6 of April this year.”

The theme of the meeting will be the place of the region in the fourth industrial revolution, according to a posting on the official WEF website.

Middle East WEF’s in the past have been staged in Egypt, Jordan and some have been held in the UAE.

The announcement was made at a special meeting at Davos to consider the strategic priorities for Saudi Arabia as it prepares to stage the G20 meeting of world leaders in the Kingdom in November, the first time the power-summit has been held in the Middle East.


Saudi ports container handling rises 2% to 738k TEUs in January: Mawani 

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Saudi ports container handling rises 2% to 738k TEUs in January: Mawani 

RIYADH: Saudi Arabia’s ports handled 738,111 twenty-foot equivalent units in January, a 2.01 percent increase from a year earlier, driven by a sharp rise in transshipment volumes despite weaker inbound and outbound trade. 

Ports overseen by the Saudi Ports Authority, known as Mawani, reported that transshipment containers surged 22.44 percent year on year to 184,019 TEUs, helping offset softer cargo flows.  

This comes as Saudi Arabia accelerates efforts to position itself as a global logistics hub under its National Transport and Logistics Strategy, investing heavily in port infrastructure and supply-chain integration to capture a larger share of regional trade flows. 

Mawani emphasized in a statement that the increased container handling “delivers multiple economic benefits, including enhanced trade activity, stimulation of maritime-related industries, tourism growth, and strengthened supply chains.” 

While overall container volumes grew, the figures revealed a mixed performance across different segments. Inbound container volumes declined 3.23 percent to 284,375 TEUs, while outbound containers fell 3.47 percent to 269,717 TEUs compared to January 2025. 

Passenger traffic through Saudi ports jumped 42.27 percent to 143,566 travelers in January, while vehicle volumes rose 3.31 percent to 109,097 units.  

Livestock imports showed particularly strong momentum, with ports receiving 886,908 heads of cattle — a 49.86 percent increase compared to 591,824 heads during the same period in 2025. 

Liquid bulk cargo registered a marginal increase of 0.28 percent, reaching 14.1 million tonnes. However, total handled tonnage — including general cargo, dry bulk, and liquid bulk — declined 3.04 percent to 19.2 million tonnes. General cargo stood at 839,987 tonnes, while dry bulk reached 4.26 million tonnes. 

Vessel traffic experienced a slight decrease of 1.75 percent, with 1,121 ships calling at Saudi ports compared to 1,141 ships in January 2025. 

The positive January figures follow a strong 2025 performance, during which Mawani-supervised ports achieved a 10.58 percent annual increase in container throughput, handling 8.32 million TEUs compared to 7.52 million TEUs in 2024. Transshipment containers for full-year 2025 rose 11.78 percent to 1.93 million TEUs. 

The total number of outgoing containers rose by 11.72 percent in 2025 to reach 3.1 million TEUs, compared to 2.8 million TEUs, while the total number of incoming containers increased by 8.82 percent to reach 3.2 million TEUs in 2025, compared to 2.9 million TEUs a year earlier.