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
Short Url
Updated 16 January 2025
Follow

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 Arabia advances sustainable development efforts with 45 agreements worth $1.6bn at Momentum

Updated 12 December 2025
Follow

Saudi Arabia advances sustainable development efforts with 45 agreements worth $1.6bn at Momentum

RIYADH: Saudi Arabia’s National Development Fund and its affiliates signed 45 agreements with a total value of SR6 billion ($1.59 billion), with several local and international partners at the conclusion of the Momentum 2025 development finance conference.

The event, held from Dec. 9 to 11 at the King Abdulaziz International Conference Center in Riyadh, was organized by the NDF under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, crown prince, prime minister, and chairman of the NDF board of directors.

The new agreements seek to accelerate the pace of investment, empower the private sector, and unlock new opportunities in priority sectors including small and medium sized enterprises, tourism, and sustainable development.

On the institutional level, the fund signed two strategic agreements with two leading global partners in technology and professional services, aiming to enable artificial intelligence, data, and digital solutions within the development finance ecosystem. 

The two memorandum of understandings aim to enhance the institutional capabilities of the fund, encourage innovation in products and services, and improve the efficiency and overall impact of development financing in the Kingdom.

The NDF signed a memorandum of understanding through the National Infrastructure Fund aimed at unifying the efforts of the development system to support small enterprises by cooperating on designing a developmental financing model for SMEs.

The Saudi SME Bank signed 19 cooperation agreements and MoUs with a value exceeding SR3 billion, to support the developmental finance system and enhance integration between public and private sector entities.

The Tourism Development Fund concluded 6 agreements with entities from both the government and private sectors, strengthening its partnerships with an impact exceeding SR4 billion. These aim to enhance financing solutions through the “Tourism Enablement Programs” offered by the fund to micro, small, and medium enterprises.

The Cultural Development Fund signed five credit facility agreements within the framework of the “Cultural Financing” program, with a total value exceeding SR63 million, to finance numerous cultural projects.

As part of its efforts to support human capital development, the Human Resources Development Fund concluded 3 agreements aimed at supporting and enabling 2,191 male and female job seekers in multiple sectors, with a value exceeding SR324 million.

The Saudi Industrial Development Fund signed a cooperation agreement with the Saudi Railways Co. to identify cooperation opportunities in enabling the industrial sector, including the railway sector, and supporting investors in localizing goods and services to increase local content.

The Saudi Fund for Development signed five developmental memoranda of understanding with Imam Mohammad Ibn Saud Islamic University, the Islamic Military Counter Terrorism Coalition, and the Middle East Green Initiative, as well as the Saudi Agricultural and Livestock Investment Co., and the Arab Urban Development Institute.

The Investment Events Fund signed a partnership agreement with entertainment firm Legends Global to enhance the events sector by leveraging international expertise in organizing major global events.

The agreements and MoUs signed during the Momentum 2025 conference represent a significant step in the Kingdom’s efforts to build a diverse, inclusive, and sustainable economy.

These partnerships contribute to bridging financing gaps, mitigating risks for strategic projects, and achieving long-term value for Saudi citizens, companies, and communities. Furthermore, they advance global sustainable development goals by aligning public and private capital with national priorities in infrastructure, SMEs, and green growth. 

The Momentum 2025 development finance conference embodied the Kingdom’s focus on translating cooperation into tangible achievements, driving green and inclusive growth, and contributing to a more sustainable and prosperous future for all.