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  September 30th, 2024 | Written by

Jeddah Islamic Port: Driving Saudi Arabia’s Vision 2030 and Global Trade Expansion

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Jeddah Islamic Port, a key player in Saudi Arabia’s maritime landscape, is central to the Kingdom’s Vision 2030, thanks to its strategic location on the Red Sea. Positioned at the crossroads of major east-west and north-south trade routes, the port is crucial to Saudi Arabia’s economic growth and the global trade network.

Read also: Maersk Unveils SAR 1.3 Billion Logistics Hub at Jeddah Islamic Port: A Major Milestone in Saudi Arabia’s Global Supply Chain Ambitions

As part of Vision 2030, Jeddah Islamic Port has attracted significant foreign investment, including a $1.7 billion development project spearheaded by the Red Sea Gateway Terminal in collaboration with Mawani. This upgrade aligns with Saudi Arabia’s goal of becoming a global logistics hub, offering unmatched opportunities for both local and international investors.

Leaders in the maritime industry, including Aamer Alireza, Executive Chairman of Red Sea Gateway Terminal, and Poul Hestbaek, CEO of Folk Maritime, emphasize the importance of public-private partnerships in realizing Saudi Arabia’s logistics vision. Maersk’s significant investment in the Kingdom further reflects international confidence in Jeddah’s strategic value, particularly as the port strengthens ties with emerging markets in Africa and India.

Jeddah Islamic Port’s continued growth underlines its role as a pivotal trade hub, supporting regional and global commerce while advancing the Kingdom’s Vision 2030.