Saturday, June 10, 2023

Saudi Arabia’s King Abdullah port tops 2021 CPPI index, 2 Saudi ports up in rank

Saudi Arabia’s King Abdullah port has topped the 2021 edition of the Global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence.

Saudi Arabia’s Jeddah Islamic Port also ranked eighth overall and King Abdulaziz Port at 14th.

“The CPPI is a comparable index of global container port performance intended to serve as a reference point for key stakeholders in the global economy … Ranking the time required to spend in port to meet workloads during 2021 The ships are based in a year that, according to the World Bank, saw unprecedented port congestion and disruptions to global supply chains.

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“Key port performance metrics show large discrepancies in global port efficiency in 2021, with top performers such as King Abdullah Port achieving an average of 97 container moves per hour of vessel port time, compared to only 26 container moves per hour at main ports in the north America’s West Coast,” the World Bank said in a press release.

Saudi Minister of Transport and Logistics Services and Chairman of Mawani, Saleh bin Nasser Al-Jaser, said: “The achievement of Saudi ports in CPPI 2021 reflects the Kingdom’s leading position in the global maritime transport industry, as it reflects the ambitious efforts of Saudi To establish Arab national industry as the global logistics center, and a link that connects the three continents, under the patronage of HRH Crown Prince to develop the transport and logistics service industry in the kingdom and achieve socioeconomic ambitions, The SPA said.

Saudi Ports Authority (MAWANI) Chairman Omar Hariri noted the achievements of Saudi ports on CPPI 2021, which surpassed the 2020 results, where King Abdullah Ports rank rose from 2nd place to 1, Jeddah Islamic Port 55th Reached 8th place. and King Abdulaziz Port which jumped 88 ranks from last year’s report to 14th, the SPA reported.

Read more:

Saudi Arabia’s economy will exceed $1 trillion for the first time in history: IMF estimates

Saudi Arabia’s economy achieves highest growth rate since 2011: government data

Saudi Arabia to accelerate plans to privatize 29 airports

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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