Mawani Wins ‘Best Contributor to Economic Infrastructure Development’ Award

Saudi Ports Authority (Mawani) has been recognized with the ‘Best Contributor to Economic Infrastructure Development’ award at the International Finance Financial Awards ceremony in Dubai. The award acknowledges Mawani’s efforts in continuously developing port infrastructure and attracting investments, according to a press release from the authority.

In 2023, Mawani laid the foundation for upgrading and operating two container terminals at King Abdulaziz Port in Dammam, with an investment value exceeding SAR7 billion. Additionally, strategic projects were inaugurated at Jubail Commercial and Industrial Ports to increase capacity.

Mawani has also signed agreements and inaugurated logistics parks and hubs, with investments exceeding SAR6 billion. These initiatives aim to offer investment opportunities in the logistics sector to the private sector, in line with the National Transport and Logistics Strategy.

In support of global trade and to solidify the Kingdom’s position as an international logistics hub bridging three continents, Mawani has taken significant steps. These include facilitating export and import procedures, enhancing logistics services, and partnering with major international shipping lines to add 28 new maritime services in 2023. These services link Saudi ports with those in the east and west. Furthermore, Mawani has signed several agreements with international ports and national entities across public and private sectors, aiming to boost the standing of Saudi ports in the maritime transport sector, both regionally and globally.

The award reflects the international and regional recognition Mawani has received for its efforts in bolstering and advancing the maritime sector. Throughout 2023, Mawani was honoured with seven awards on both regional and international levels. These include the ‘Best Port’ represented by Jeddah Islamic Port, the ‘Brand Award’, ‘Port of the Year’ for Jeddah Islamic Port, and the ‘Excellence in Customer Experience’ and ‘Advanced Ports Infrastructure’ awards.

In addition, Mawani secured two categories in the ‘NIDLP Excellence Award 2023’: ‘Best Entities Achieving International Accomplishments’ and ‘Best Entities Achieving Investments’. These accolades are a testament to Mawani’s significant contribution, which propelled the Kingdom to rank from 24th to 16th globally in container handling, according to the Lloyd’s List 2023 ranking of the world’s top 100 ports.

The International Finance Awards recognize financial institutions and companies’ contributions to the global financial community. These awards are issued by International Finance Publications Limited, a distinguished trade and financial magazine based in the United Kingdom.