DP World has announced that it will be developing the port of Jeddah in support of Saudi Arabia’s Vision 2030.
The UAE-headquartered port operator revealed its plans to apply improvements to Jeddah Port at the Future Investment Initiative summit in Riyadh, according to UAE state news agency, WAM.
Speaking during a panel discussion at the event, Sultan Ahmed Bin Sulayem, group chairman and chief executive officer of DP World, highlighted the importance of the port’s role as a trade gateway for Saudi and the region.
Jeddah Port, he noted, links major markets in Africa and the Middle East.
Elaborating on DP World’s development plans for the facility, he said: "As the first major investor in Jeddah Port for almost 20 years now, we are committed to supporting the kingdom’s effort to leverage its resources and investment capabilities through the development of Jeddah Port.
“Our plans involve increasing efficiencies using innovative tech solutions and making it a semi-automated facility. Jeddah Port is pivotal in facilitating the movement of goods between east and west, and in boosting Saudi exports.”
He added: "Our proposals are designed at boosting efficiency by enabling local businesses, opening new avenues for growth while supporting the government in achieving the Saudi Vision 2030. This is part of our role as partners, to add value to nations and to deliver sustainable solutions for the benefit of all."