Saudi Arabia’s Dammam Port set to boost Far East connectivity with MSC’s new service

King Abdulaziz Port reported strong performance in the first half of 2024, with a 37.4% increase in total export and import containers. File/SPA
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Updated 12 August 2024
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Saudi Arabia’s Dammam Port set to boost Far East connectivity with MSC’s new service

  • New service will connect Dammam with major ports in China and Singapore
  • MSC said service designed to address port congestion issues in the Middle East and enhance connectivity for Asia-Middle East cargo

RIYADH: Saudi Arabia’s King Abdulaziz Port in the Eastern Province is set to strengthen its ties with the Far East following the introduction of the Mediterranean Shipping Co.’s new service. 

The General Authority for Ports, known as Mawani, announced that MSC will launch the new ‘Clanga’ service at the Dammam-based port. 

The new service will connect Dammam with major ports in China, including Ningbo, Shanghai and Shekou, as well as Singapore. The service will operate weekly voyages with a capacity of up to 15,000 twenty-foot equivalent units. 

The move aligns with Mawani’s efforts to boost the competitiveness of Saudi ports, support and empower national exports, and is in line with the goals of the National Transport and Logistics Strategy, which aims to solidify the Kingdom’s position as a global logistics hub and a nexus linking the three continents. 

In a statement, MSC said the new service is designed to address port congestion issues in the Middle East and enhance connectivity for Asia-Middle East cargo. 

The company, which recently won the “Best Shipping Line – Asia-Africa” award at the 2024 Asian Freight, Logistics, and Supply Chain Awards, added that the Clanga service will offer competitive transit times and boost trade links between China, Singapore, and Saudi Arabia via Dammam. 

It further said that Clanga would offer a unique and competitive service for Saudi exports to the Far East through its direct call in Shanghai from Dammam. 

In addition to the Clanga service, Mawani also launched the “Milaha Gulf Express 2,” known as the 2-MGX service, operated by the Qatari company Milaha, which is expected to further elevate the port’s role in global trade by providing better access to major international markets. 

King Abdulaziz Port reported strong performance in the first half of 2024, with a 37.4 percent increase in total export and import containers, reaching 1,534,961 TEUs compared to 1,117,133 TEUs during the same period last year. 

Total transhipment containers also surged by 87.87 percent, reaching 37,806 TEUs, up from 20,124 TEUs in the previous year. 


Closing Bell: Saudi main index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.