Economy

King Abdullah Port records second fastest growth to climb 10 positions in world rankings 

Follow-ups -eshrag News:

Author: 
Mon, 2022-04-25 16:07

RIYADH: Saudi Arabia’s King Abdullah Port has become the world’s second fastest growing port for the second time in four years, as it improved its ranking by 10 positions, according to Alphaliner, a maritime transport data solution provider.

The Kingdom’s newest port facility has jumped 10 places, from 83rd to 73rd, in Alphaliner’s list of the 100 largest container ports in the world in 2021. 

“Having been ranked the world’s second growing port for the second time, a recognition we first received in 2018, is a testament to our foresight, steadfastness and dedication to enhancing our operational capabilities on every level,” CEO Jay New said in a statement.

King Abdullah Port is the second to the Mexican Port of Lazaro Cardenas. 

Its throughput has increased by 30.6 percent during the year 2021, to reach 2.81 million twenty-foot equivalent units or TEU, up from 2.15 million in 2020.

Owned by the Ports Development Co., King Abdullah Port is the region’s first port to be owned, developed, and operated by the private sector, according to a statement. 

It was ranked as the world’s second-most efficient port by The World Bank in 2020.

Main category: 
Business & Economy
Tags: 
saudi port
ranking



Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published.

Back to top button