Saudi Arabia sees 14.6% rise in container traffic in 2023: GASTAT 

According to the General Authority for Statistics, inbound container traffic at the Kingdom’s ports reached 3.4 million twenty-foot equivalent units in 2023, while outbound traffic totaled 2.2 million TEUs. Shutterstock
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Updated 18 September 2024
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Saudi Arabia sees 14.6% rise in container traffic in 2023: GASTAT 

RIYADH: Saudi Arabia’s ports saw a 14.6 percent increase in both inbound and outbound container traffic in 2023 compared to the previous year, official data showed. 

According to the General Authority for Statistics, inbound container traffic at the Kingdom’s ports reached 3.4 million twenty-foot equivalent units in 2023, while outbound traffic totaled 2.2 million TEUs. 

The report revealed that the quantity of outbound cargo amounted to 203.5 million tonnes in 2023, a strong indication of the Kingdom’s rising exports. King Fahad Industrial Port in Yanbu handled the largest volume of outbound cargo, totaling 89.8 million tonnes. 

Boosting exports, particularly non-oil goods, is crucial for Saudi Arabia as it continues its economic diversification efforts aimed at reducing its dependency on oil revenues. 

The quantity of inbound cargo reached 105.1 million tonnes in 2023, with Jeddah Islamic Port managing the largest share, handling 38.9 million tonnes of imports. 

GASTAT also noted a 33.8 percent rise in ship traffic at Saudi ports in 2023 compared to the previous year. 

“The total ship traffic at Saudi ports was 19,082 ships. King Fahad Industrial Port in Yanbu had the highest ship traffic, with 6,538 ships, followed by Jeddah Islamic Port with 4,411 ships, and King Abdulaziz Port in Dammam with 2,516 ships,” stated GASTAT.  

Total cargo handled at the Kingdom’s ports in 2023 amounted to 334 million tonnes, with 121.3 million tonnes of unloaded cargo and 213 million tonnes of loaded cargo.  

Jeddah Islamic Port recorded the highest unloaded cargo volume at 38.9 million tonnes, while King Fahad Industrial Port in Yanbu had the highest loaded cargo volume at 89.8 million tonnes. 

Passenger traffic at the Kingdom’s ports also rose by 11.5 percent in 2023, with over 1 million travelers arriving and departing. Jazan Port handled the largest number of passengers, totaling 484,598. 

The report highlighted that the number of cranes at Saudi ports reached 989 in 2023, and the total area of the Kingdom’s ports covered 104 sq. km, with Ras Al Khair Port being the largest at 23 sq. km. 


No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

Updated 16 December 2025
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No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.

According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.

Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.

Sale not in management’s hands

Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.

He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”

High market value

Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.