Mawani, Dutch Port of Rotterdam ink agreement to develop smart ports, human capabilities

The agreement falls in line with Mawani’s efforts to bolster the competitiveness of Saudi ports globally in cooperation with the National Competitiveness Center. (Supplied)
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Updated 24 August 2023
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Mawani, Dutch Port of Rotterdam ink agreement to develop smart ports, human capabilities

RIYADH: Saudi ports are on track to equip the workforce with the relevant skills and technology to solve internal and external challenges while facilitating the efficient movement of goods, delivery of services and smooth flow of information thanks to a new agreement.   

The Saudi Ports Authority, known as Mawani, has signed a partnership agreement with the Dutch Port of Rotterdam aimed at enhancing cooperation in developing smart ports and human capabilities while exchanging experiences and knowledge, according to a statement.   

The agreement aligns with Mawani’s efforts to bolster the competitiveness of Saudi ports globally in cooperation with the National Competitiveness Center.   

It also aligns well with the authority’s attempts to support and further enable the maritime transport sector, the ports and the logistics services.     

Under the terms of the agreement, both parties will work together to foster digital transformation toward smart ports. 

They will collaborate with the marine environment agenda and the green ports initiative to develop the operational and logistical performance in Saudi ports. 

The newly signed partnership is also expected to contribute to maximizing the values of complementary work between Mawani and the Port of Rotterdam, which increases the optimal investment of the strategic location occupied by Saudi ports and its capabilities.   

In addition, the agreement also sees Mawani benefiting from the operational expertise of the Port of Rotterdam regarding managing ports, developing their business and planning their strategies.   

Earlier this month, Mawani announced adding 20 new shipping services in the first half of 2023 in a bid to boost supply chains and consolidate its position as a global logistics center. 

At the time, the Saudi Press agency reported that the authority added these new shipping services across Jeddah Islamic Port, King Abdulaziz Port in Dammam and Jubail Commercial Port to link the Kingdom with other global ports while facilitating trade and export. 


Arab Energy Fund takes minority stake in Saudi energy firm APSCO 

Updated 15 January 2026
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Arab Energy Fund takes minority stake in Saudi energy firm APSCO 

RIYADH: The Arab Energy Fund has acquired a minority stake in Saudi Arabia’s Arabian Petroleum Supply Co., backing one of the Kingdom’s largest private energy solutions providers as it looks to expand across the Middle East and beyond. 

The investment initiates a partnership aimed at pursuing opportunities across the Middle East, North Africa, and select international markets, covering APSCO’s core and adjacent business sectors. 

The move underscores TAEF’s commitment to investing in established regional leaders while promoting innovation and sustainable growth across the energy value chain. 

According to a press release, the transaction marks The Arab Energy Fund’s first investment of 2026, following an active 2025 during which the fund completed several key deals, including investments in Jafurah Midstream Gas Co. alongside BlackRock and in the platform Tagaddod. 

Khalid Al-Ruwaigh, CEO of The Arab Energy Fund, commented on the deal, saying: “APSCO represents a unique platform with strong fundamentals and a proven track record in critical energy segments.” 

He added: “This investment aligns with our mandate to support high-quality energy and energy-adjacent businesses that are well-positioned to capture growth across the region and beyond.” 

The Arab Energy Fund is a multilateral impact financial institution established in 1974 by 10 Arab oil-exporting countries. 

Mohammed Ali Ibrahim Alireza, managing director, APSCO, said: “We welcome The Arab Energy Fund as a strategic partner supporting our next phase of growth.” 

He added: “As a pioneer in energy solutions for over 60 years, APSCO remains committed to quality, reliability, and innovation, while continuing to contribute to Vision 2030 by enhancing efficiency and minimizing environmental impact.” 

The partnership is designed to bolster APSCO’s long-term growth strategy, operational excellence, and geographic expansion, leveraging TAEF’s regional expertise and institutional network. 

APSCO is a Saudi energy company with more than 60 years of experience in integrated energy solutions, including aviation fuels, lubricants, and a nationwide automotive retail network. 

The company holds long-term partnerships with global energy leaders, including a 60-year relationship with ExxonMobil for lubricant distribution across several Middle Eastern countries. Since 1999, APSCO has also been the exclusive aviation fueling services provider for Saudia.