Saudi Arabia sees jumps in global rankings for air and maritime connectivity 

Saudi Arabia's air traffic witnessed a strong rebound during the first four months of 2023, fueled by significant growth in the Saudi travel and tourism sector. (Shutterstock)
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Updated 14 June 2023
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Saudi Arabia sees jumps in global rankings for air and maritime connectivity 

RIYADH: Saudi Arabia has witnessed a surge in the ranking of both its aviation and maritime networks, reflecting a boost in the Kingdom’s global connectedness.

Saudi air connectivity has jumped to 13th place from 27th in 2019 as the Kingdom currently connects 131 destinations worldwide, the latest index published by the International Air Transport Association showed.  

This comes within just over two years of the Saudi Cabinet’s approval to launch the Civil Aviation Sector Strategy, which aims to enhance the Kingdom’s air connectivity to 250 destinations worldwide, transporting 330 million passengers by 2030. 

It also intends to serve as a global logistics hub by doubling its air cargo capacity to 4.5 million tons by the end of this decade.     

The Kingdom’s maritime connectivity ranking by the UN also increased in the second quarter of 2023, advancing to the 16th position, reported the Saudi Ports Authority known as Mawani.  

Saudi Arabia scored 76.16 points within 187 countries this quarter, according to the UN Conference on Trade and Development Liner Shipping Connectivity Index. 

The report added that 97 Saudi ports linked the Kingdom with approximately 348 ports around the world.  

Minister of Transport and Logistics Services Saleh Al-Jasser noted that such progress is enabled by the support of the transport and logistics system and the ports sector. 

It also helps consolidate Saudi Arabia’s position on the global maritime map, added Al-Jasser, who is also chairman of Mawani’s board of directors.  

Saudi Arabia’s air traffic witnessed a strong rebound during the first four months of 2023, fueled by significant growth in the Saudi travel and tourism sector, a report released by the General Authority of Civil Aviation in May showed. 

According to the report, Saudi air traffic recorded a 42 percent increase in the number of passengers to reach 35.8 million in the first four months of 2023, compared to the same period last year.  

The Kingdom’s airports also witnessed a marked increase in air traffic during 2023 compared to pre-pandemic levels, growing at a rate of 6.2 percent compared to the same period in 2019.   

Saudi Arabia also ranked seventh among the G20 members in aviation safety with a 94.4 percent score on the International Civil Aviation Organization safety audit report.    

In a further boost to the aviation industry, Crown Prince Mohammed bin Salman earlier this year launched a new airline, Riyadh Air, which the Public Investment Fund owns.   

The Kingdom also achieved another milestone in line with its National Aviation Strategy by launching a project to develop and expand Al-Ahsa International Airport and expand its capacity by 250 percent to reach 1 million passengers annually.  


Closing Bell: Saudi benchmark index closes lower at 10,540 

Updated 24 December 2025
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Closing Bell: Saudi benchmark index closes lower at 10,540 

RIYADH: Saudi equities ended Wednesday’s session lower, with the Tadawul All Share Index falling 55.13 points, or 0.52 percent, to close at 10,540.72. 

The sell-off was mirrored across other indices, with the MSCI Tadawul 30 Index retreating 5.79 points, or 0.41 percent, to close at 1,393.32, while the parallel market Nomu slipped 74.56 points, or 0.32 percent, to 23,193.21.  

Market breadth remained firmly negative, as decliners outpaced advancers, with 207 stocks ending the session lower against just 51 gainers on the main market. 

Trading activity moderated compared to recent sessions, with volumes reaching 123.5 million shares, while total traded value stood at SR2.72 billion ($725.2 million). 

On the sectoral and stock level, Al Moammar Information Systems Co. led the gainers after surging 9.96 percent to close at SR172.30, extending its rally following a series of contract announcements tied to data center and IT infrastructure projects.  

Al Masar Al Shamil Education Co. climbed 4.89 percent to SR27.48, while Naqi Water Co. advanced 3.36 percent to SR58.50. Al Yamamah Steel Industries Co. and Al-Jouf Agricultural Development Co. also posted solid gains, rising 3 percent and 2.86 percent, respectively. 

Losses, however, were concentrated in industrial names. Saudi Kayan Petrochemical Co. fell 3.67 percent to SR4.73, while Makkah Construction and Development Co. slid 3.44 percent to SR80.  

Saudi Tadawul Group Holding Co. retreated 3.28 percent to SR147.50, weighed down by broader market weakness, and Saudi Cable Co. declined 3.18 percent to SR143.  

Alkhaleej Training and Education Co. rounded out the top losers, shedding just over 3 percent. 

On the announcement front, BinDawood Holding announced the signing of a share purchase agreement to acquire 51 percent of Wonder Bakery LLC in the UAE for 96.9 million dirhams, marking a strategic expansion of its food manufacturing footprint beyond Saudi Arabia.   

The acquisition, which remains subject to regulatory approvals, is expected to support the group’s regional growth ambitions and strengthen supply chain integration.  

BinDawood shares closed at SR4.68, up 0.43 percent, reflecting a positive market reaction to the overseas expansion move.  

Meanwhile, Al Moammar Information Systems disclosed the contract sign-off for the renewal of IT systems support licenses with the Saudi Central Bank, valued at SR114.4 million, inclusive of VAT.   

The 36-month contract is expected to have a positive financial impact starting from fourth quarter of 2025, reinforcing MIS’s position as a key technology partner for critical government institutions. The stock surged to the session’s limit making it the top gainer. 

In a separate disclosure, Maharah Human Resources confirmed the completion of the sale of its entire stake in Care Shield Holding Co. through its subsidiary, Growth Avenue Investments, for a total consideration of SR434.3 million.  

The transaction involved the transfer of 41.36 percent of Care Shield’s share capital to Dallah Healthcare, with Maharah receiving the full cash proceeds.  

Despite the strategic divestment, Maharah shares closed lower, ending the session at SR6.12, down 1.29 percent.