Saudi Ports Authority celebrates 2023 with multiple awards

Saudi Ports Authority said it has made several achievements in the maritime and logistics sectors. (File/SPA)
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Updated 03 January 2024
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Saudi Ports Authority celebrates 2023 with multiple awards

  • Signs $1bn worth of deals to develop new logistics parks

RIYADH: As part of its efforts to strengthen the Kingdom’s maritime and logistics sectors, the Saudi Ports Authority last year established eight logistics parks, launched 28 new maritime services and picked up a handful of awards.

All of the developments were in line with the national strategy for transport and logistics, the authority, also known as Mawani, said on Tuesday.

On the Lloyd’s port rankings for 2023, Saudi Arabia moved up eight places from the previous year to 16th in the world in terms of annual container throughput volumes, while on the World Bank’s logistics efficiency index it rose 17 places to 38th.

In the final quarter of last year, the Kingdom achieved the greatest improvement of any country in the region on the UN Conference on Trade and Development’s Liner Shipping Connectivity Index.

Mawani last year signed agreements worth more than SR4 billion ($1.07 billion) to develop several new logistics parks, including Danish shipping company Maersk’s largest integrated facility in the Middle East at Jeddah Islamic Port.

Another deal involved the development of a park in partnership with French shipping company CMA CGM — also at Jeddah Islamic Port — and other facilities at King Abdulaziz Port in Dammam and King Fahad Industrial Port in Yanbu.

To support international trade, Mawani added 28 new maritime services, connecting Saudi ports to eastern and western ports. It also established the Seaman Club at Jeddah Islamic Port for use by ships’ crews.

At the International Green Shipping Summit, held in Rotterdam in February, the authority, represented by the Jeddah Islamic Port, was named Best Seaport of the Year 2022. The same port was also named port of the year in the ShipTek awards.


SAL agrees $30m Aviapartner Liege acquisition to expand into Europe 

Updated 8 sec ago
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SAL agrees $30m Aviapartner Liege acquisition to expand into Europe 

RIYADH: SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for €28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe’s major air cargo hubs. 

Under a sale and purchase agreement signed with Aviapartner Belgium NV and Aviapartner Holding NV, SAL will acquire 100 percent of the company’s share capital on a cash-free, debt-free basis, according to a filing on Saudi Exchange. 

The acquisition gives SAL a full operational presence at Liege Airport in Belgium, a key European cargo hub, and is expected to support the company’s long-term growth strategy. 

SAL, which provides cargo handling and logistics services across Saudi airports, has been expanding its service portfolio as the Kingdom invests heavily in aviation and supply-chain infrastructure under Vision 2030. 

In the Tadawul filing, the company stated: “This acquisition supports SAL’s international expansion strategy by establishing an operational footprint at a key European cargo hub, expanding its cargo ground handling and logistics service offerings at international airports, geographically diversifying its revenue streams, and leveraging operational synergies through access to established infrastructure, airline relationships, and a mature operating environment.” 

The deal is strategically significant because Liege Airport has emerged as one of Europe’s most important air cargo hubs and a rapidly expanding gateway for global freight flows. 

The Belgian airport is the fifth-largest cargo airport in Europe and has recorded strong growth in recent years, handling more than 1.3 million tonnes of cargo in 2025 as volumes rose about 14 percent year on year. 

The transaction will be financed through the company’s available cash resources and remains subject to customary closing conditions and regulatory approvals. 

Aviapartner Liege, based in Liege, Belgium, primarily provides ground handling and cargo services. 

Financial disclosures show Aviapartner Liege generated revenues of €24.7 million in 2023, rising to €28.6 million in 2024 before declining to €24.3 million in 2025. 

SAL said it expects the transaction to have a positive long-term impact on its financial performance following completion and consolidation of the acquired company’s financial results.  

The company added that no related parties were involved in the transaction, which was signed on March 4.