King Abdullah Port records second fastest growth to climb 10 positions in world rankings 

Owned by the Ports Development Co., King Abdullah Port is the region’s first port to be owned, developed, and operated by the private sector. (Supplied)
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Updated 25 April 2022
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King Abdullah Port records second fastest growth to climb 10 positions in world rankings 

RIYADH: Saudi Arabia’s King Abdullah Port has become the world’s second fastest growing port for the second time in four years, as it improved its ranking by 10 positions, according to Alphaliner, a maritime transport data solution provider.

The Kingdom’s newest port facility has jumped 10 places, from 83rd to 73rd, in Alphaliner’s list of the 100 largest container ports in the world in 2021. 

“Having been ranked the world’s second growing port for the second time, a recognition we first received in 2018, is a testament to our foresight, steadfastness and dedication to enhancing our operational capabilities on every level,” CEO Jay New said in a statement.

King Abdullah Port is the second to the Mexican Port of Lazaro Cardenas. 

Its throughput has increased by 30.6 percent during the year 2021, to reach 2.81 million twenty-foot equivalent units or TEU, up from 2.15 million in 2020.

Owned by the Ports Development Co., King Abdullah Port is the region’s first port to be owned, developed, and operated by the private sector, according to a statement. 

It was ranked as the world’s second-most efficient port by The World Bank in 2020.


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.