Saudi Arabia and Oman to discuss SMEs development agreement

The memorandum of understanding will be between the Public Authority for SMEs in the Kingdom and the SMEs Development Authority in Oman (Shutterstock)
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Updated 24 August 2022
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Saudi Arabia and Oman to discuss SMEs development agreement

RIYADH: Saudi Arabia officials are set to discuss with their Omani counterparts the drafting of an agreement surrounding small and medium enterprises in the two countries.

The memorandum of understanding will be between the Public Authority for SMEs in the Kingdom and the SMEs Development Authority in Oman.

The MoU is part of Saudi Arabia’s efforts to boost entrepreneurship and diversify the economy as part of its Vision 2030 strategy.

The Saudi Cabinet also approved an MoU between the Communications and Information Technology Commission in the Kingdom and the National Telecommunications Regulatory Authority in Egypt, to strengthen communications and information technology ties between the two countries.

Regarding customs matters with Bangladesh, relations are set to run smoothly after the signing of a cooperation agreement between the two countries.

The Saudi Cabinet also unveiled a new tourism system in the Kingdom, aimed at providing sufficient flexibility to cater for the changing needs of the burgeoning sector.

The Kingdom’s new system, which will help tourism’s development in line with Saudi Vision 2030’s objectives, addresses the development of the regulatory and legislative environment of the sector. 

 


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.