Close Menu
    mogadishulive.commogadishulive.com
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    mogadishulive.commogadishulive.com
    Home » King Abdulaziz Port in Dammam, breaks container throughput record in June
    Business

    King Abdulaziz Port in Dammam, breaks container throughput record in June

    August 15, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    By handling 188,578 TEUs during June 2022, the King Abdulaziz Port in Dammam, managed and operated by Saudi Global Ports (SGP), broke its own record set in 2015. In line with the National Transport and Logistics Strategy (NTLS)’s objectives of increasing logistics output and container throughput in Saudi ports, the port’s performance was record-breaking due to soaring import and export volumes, which boosted its productivity and reaffirmed its operational and logistical prowess.

    King Abdulaziz Port in Dammam, breaks container throughput record in JuneThe port’s strategic location on the Arabian Gulf lends it a distinct status as a trade gateway to the Kingdom’s Eastern and Central regions, making it an excellent location for investors looking to establish integrated logistics facilities that offer value-added services. In 2021, the Dammam-based port reengineered its transshipment handling processes and launched enhanced transshipment services to connect with GCC ports and East Asian ports. As a result of these initiatives, transshipments increased by 142.72% over last year.

    Currently, Saudi Ports Authority (Mawani) is renovating the 19 sq. km. port to offer world-class services across its 43 berths that are capable of receiving giant vessels and handling up to 105 million tons annually. King Abdulaziz Port in Dammam is connected by rail to Riyadh’s Dry Port and offers state-of-the-art cargo handling equipment. The port also features a container terminal, two general cargo terminals, ancillary terminals, and a ship repair yard with two floating docks. This yard can accommodate vessels up to 215 meters.

    Related Posts

    Wall Street rises after Treasury expands debt buybacks

    August 20, 2026

    South Korea auto exports reach $6.24 billion in July

    August 14, 2026

    Diesel prices rise as US and Europe fuel supplies tighten

    August 12, 2026

    Europe heatwave puts EU economic growth under pressure

    August 11, 2026

    Denmark inflation slips to 1.7% with core rate steady

    August 11, 2026

    Gold clears $4,400 while US inflation data takes focus

    August 11, 2026
    Latest News

    Wall Street rises after Treasury expands debt buybacks

    August 20, 2026

    U.S. stocks ended modestly higher Wednesday as long-term Treasury yields fell sharply. The S&P 500 rose 16.22 points, or 0.21%, to 7,707.98, ending a three-session losing streak. The Dow Jones Industrial Average gained 119.65 points, or 0.22%, to close at 53,463.05. The Nasdaq Composite added 41.38 points, or 0.16%, finishing at 26,331.09. Falling government bond yields helped major indexes recover after several sessions of pressure from rising borrowing costs. Bond prices climbed after the U.S. Treasury Department announced larger liquidity support buybacks for longer-dated government debt. Starting September 9, the maximum purchase size will increase from $2 billion to at least $4 billion per operation. The change covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased amounts will remain in effect through November 4. The department said strong volumes of high-quality offers supported the decision to increase liquidity operations in those sectors. Treasury yields moved lower following the announcement, reversing part of a recent rise in long-term borrowing costs. The 10-year Treasury yield fell to about 4.65%, while the 30-year yield declined to about 5.20%. Bond yields move inversely to prices, so stronger demand for government debt pushed yields lower. The retreat eased pressure that had accompanied the recent

    WHO maps three-month path for Congo Ebola containment

    August 19, 2026

    Indonesia 6.1 earthquake rattles North Sumatra coast

    August 19, 2026

    DRC Ebola outbreak sets national death toll record

    August 17, 2026

    DRC malaria cases surpass 26 million in 2025

    August 17, 2026

    South Korea auto exports reach $6.24 billion in July

    August 14, 2026

    Total solar eclipse crosses Russian Arctic and Europe

    August 13, 2026

    International Youth Day 2026 puts youth inclusion in focus

    August 13, 2026
    © 2026 Mogadishu Live | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.