Saudi ports handle 320.78m tonnes of cargo in 2024, up 14.45% year on year

According to the Saudi Ports Authority, container exports rose by 8.86 percent, reaching more than 2.8 million twenty-foot equivalent units, up from 2.59 million TEUs in 2023. File
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Updated 16 January 2025
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Saudi ports handle 320.78m tonnes of cargo in 2024, up 14.45% year on year

JEDDAH: Saudi Arabia’s ports saw a significant surge in cargo handling in 2024, with a total of 320.78 million tonnes of goods processed, representing a 14.45 percent year-on-year increase. This growth underscores the enhanced operational efficiency of the Kingdom’s maritime infrastructure.

According to the Saudi Ports Authority, container exports rose by 8.86 percent, reaching more than 2.8 million twenty-foot equivalent units, up from 2.59 million TEUs in 2023. Meanwhile, total cargo processed across the Kingdom’s ports in 2023 stood at 300.54 million tonnes.

Mawani highlighted that the results reflect the ongoing improvements in Saudi ports’ infrastructure and operational capabilities, which are pivotal in fostering a sustainable maritime sector and supporting the nation’s economic and trade growth. These advances align with the National Transport and Logistics Strategy under Saudi Vision 2030, positioning the Kingdom as a global logistics hub.

Container imports also saw significant growth, increasing by 13.79 percent to reach 2.98 million TEUs, up from 2.62 million TEUs in 2023. Mawani’s announcement on Jan. 15 further noted that Saudi Arabia has climbed to 15th in the global ranking for container handling, as reported by the 2024 Lloyd’s List, reaffirming the Kingdom’s role as a key player in international logistics.

Three Saudi ports have now secured positions in the global top 100. Jeddah Islamic Port jumped from 41st to 32nd, King Abdullah Port advanced from 71st to 70th, and King Abdulaziz Port in Dammam improved from 90th to 82nd.

The overall volume of general cargo grew by 30.39 percent, reaching nearly 10 million tonnes, compared to 7.65 million tonnes in 2023. Solid bulk goods saw a 6.23 percent rise, totaling 52.12 million tonnes, up from 49.06 million tonnes. Liquid bulk goods grew by 16.29 percent, reaching 177.44 million tonnes, up from 152.58 million tonnes. Additionally, livestock imports saw a 19.63 percent increase, totaling 9.72 million heads, up from 8.12 million in 2023.

However, the total number of containers handled fell by 10.93 percent, amounting to 7.52 million TEUs compared to 8.44 million TEUs in 2023. Transshipment containers also declined by 46.74 percent, totaling 1.72 million TEUs, down from 3.24 million TEUs in 2023.

Maritime traffic decreased by 4.56 percent, with a total of 11,579 vessels visiting Saudi ports, compared to 12,132 vessels in 2023. Passenger traffic also dropped by 27.02 percent, totaling 736,177 passengers, down from 1.01 million the previous year. The number of vehicles handled at Saudi ports fell by 4.38 percent, with 1.09 million cars processed, compared to 1.14 million in 2023.

In December 2024, Saudi ports saw a 9.27 percent increase in cargo volume, reaching 27.46 million tonnes, compared to 25.13 million tonnes in the same month the previous year. Container handling also rose by 5.77 percent, totaling 711,170 TEUs, up from 672,373 TEUs in December 2023.

Mawani also announced several major initiatives in 2024, including agreements and groundbreaking projects to establish eight new logistics parks and hubs at Jeddah Islamic Port and King Abdulaziz Port in Dammam, with a combined private sector investment of approximately SR2.9 billion ($773 million). These efforts are part of a broader strategy to enhance the attractiveness of Saudi ports and reinforce the Kingdom’s position as a global trade and logistics center.

These initiatives are included in a larger SR10 billion investment plan aimed at developing 18 logistics parks across Saudi terminals, all overseen by Mawani. Notably, Mawani highlighted the opening of Maersk’s largest global logistics investment at Jeddah Islamic Port, a project worth SR1.3 billion, spanning 225,000 sq. meters.


Saudi Maaden reports 156% profit surge to $2bn on strong commodity prices, record production

Updated 05 March 2026
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Saudi Maaden reports 156% profit surge to $2bn on strong commodity prices, record production

RIYADH: Saudi mining and metals company Maaden has reported a 156 percent jump in its net profit attributable to shareholders for 2025, driven by higher commodity prices, record production volumes, and a one-off bargain purchase gain.

The state-backed giant posted a net profit of SR7.35 billion ($1.95 billion) for the full year 2025, an increase from SR2.87 billion in the previous year. The firm’s revenue surged by 19 percent to SR38.58 billion, up from SR32.55 billion in 2024.

This comes as Saudi Arabia steps up efforts to expand its mining sector as a pillar of economic diversification, encouraging international participation and private investment to unlock the Kingdom’s estimated $2.5 trillion in untapped mineral resources under Vision 2030.    

In a statement on Tadawul, the company said: “Performance was led by record phosphate production, near record aluminum production, an increase in all three of Maaden’s main output commodity prices.”

The performance was also fueled by a 60 percent increase in gross profit, which reached SR14.79 billion. In its annual results announcement, Maaden attributed the top-line growth to “higher commodity market prices for phosphate, aluminum and gold business units,” as well as increased sales volumes in its phosphate and aluminum segments. This was partially offset by slightly lower sales volume in the gold unit.

Maaden’s CEO, Bob Wilt, hailed 2025 as a transformative year for the company, marked by strategic growth and operational excellence. “This was a great year for Maaden’s strategic growth. We delivered strong financial results and sustained operational excellence across the business,” he said in a statement.

“This was driven by growth in production across all businesses, including record-breaking DAP (di-ammonium phosphatevolumes), disciplined cost control across and a clear commitment to our role as a cornerstone of the Saudi economy,” Wilt added.

Profitability was further bolstered by an increased share of net profit from joint ventures and an associate. This included a one-off bargain purchase gain of SR768 million related to Maaden’s investment in Aluminium Bahrain B.S.C. The company also benefited from lower finance costs.

The fourth quarter of 2025 was strong, with Maaden swinging to a net profit of SR1.67 billion, compared to a loss of SR106 million in the same period of the prior year. Quarterly revenue rose 7 percent to SR10.64 billion.

The firm achieved record production of di-ammonium phosphate, reaching 6.72 million tonnes for the year, a 9 percent increase. Aluminum production remained near-record levels, while the company added a net 7.8 million ounces to its reportable gold mineral resources through discovery and resource development.

The phosphate division saw sales jump 17 percent to SR20.77 billion, with the earnings before interest, taxes, depreciation, and amortization margin expanding to 47 percent. The aluminum business reported a 9 percent increase in sales to SR10.99 billion, with EBITDA more than doubling in the fourth quarter.

Looking ahead, Wilt emphasized that the pace of growth will accelerate as the company advances key initiatives, including the Phosphate 3 Phase 1 and Ar Rjum projects, which remain on budget and schedule. Maaden has also secured a gas supply for its future Phosphate 4 project.

“This pace of growth will only accelerate. Not only as we advance projects and increase the scale of our exploration program, but as we continue to grow production and implement technology that will further modernize, streamline and unlock value,” Wilt added.

Earnings per share for the year rose sharply to SR1.91, up from SR0.78 in 2024. Total shareholders’ equity increased by 18.7 percent to SR61.59 billion.