ITFC and ITC provide hands-on training to Saudis

Updated 01 January 2018
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ITFC and ITC provide hands-on training to Saudis

Under the partnership agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC), a number of workshops on market analysis tools and the creation of market profiles were organized in Riyadh and Jeddah, within the framework of the Aid for Trade Initiative for Arab States Program.
The workshops were hosted by the Saudi Export Development Authority and familiarized participants with relevant analytical skills to scrutinize international demand, level of competition and market-access conditions.
The participants, who included several women, benefited from rigorous hands-on training to develop a market profile on products of their interest. They also had the opportunity to network and benefit from the exchange of international trade experience.
The International Trade Center is also conducting a national trade facilitation workshop this month for the private sector, focused on the proper implementation of the WTO Trade Facilitation Agreement (TFA).
Another workshop will be conducted to determine Saudi Arabia’s key trade facilitation needs and priorities, and to offer advice on the implementation of the remaining measures of the TFA as well as other key trade facilitation reforms.
These training sessions will help participants identify the measures in the Trade Facilitation Agreement (TFA), benefit from the strategies and measures stipulated in the TFA, and determine how to become part of the regulatory and implementation process of the TFA.
The purpose of the Aid for Trade Initiative for Arab States Program is to foster inclusive economic growth and increased employment in Arab states through the promotion of trade reforms and the broader development agenda, and the deepening of regional integration and regional and national AfT engagement.
ITC is responsible for improving transparency about non-tariff measures, creating regional trade intelligence capacities of specific TSIs, strengthening TPO capacities in a selected number of countries and supporting a more effective participation of the Arab group in the WTO process.


King Abdullah Port sponsors logistics forum

Updated 18 September 2018
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King Abdullah Port sponsors logistics forum

King Abdullah Port has signed an agreement to sponsor the Supply Chain and Logistics Conference organized by the Transport Ministry. The conference, which will take place on Oct. 15-16 in Riyadh, will be held under the patronage of Transport Minister Dr. Nabil M. Al-Amoudi. Decision-makers, experts and officials from major local and international companies involved in the supply chain and logistics sector are expected to attend.

Highlighting the importance of participating in the event, Rayan Qutub, CEO of King Abdullah Port, said: “Our sponsorship of the conference comes within our commitment to cooperate and exchange expertise with the active players of the logistics sector, which recently has been witnessing major developments in terms of business volume, innovation and solutions that complement Vision 2030 and transform Saudi Arabia into a global logistics hub by promoting its position on the Logistics Performance Index issued by the World Bank.”

“Saudi Arabia has a number of components and facilities that enable it to play a key role in this sector at the regional and global levels, and we will play our part in showcasing the best King Abdullah Port has to offer in the logistics sector, such as solutions and facilitation for investors based on the port’s strategic location on the Red Sea. The port is on the main shipping line between the East and West, which significantly enhances the Kingdom’s competitiveness and positions it among the key countries in global trade,” he added.

Qutub will participate in a session for CEOs, where participants will discuss strategic decisions to reshape and keep pace with the global system of supply chains and logistics.

King Abdullah Port previously announced an increase in container handling reaching 1,236,075 TEU during the first half of 2018, marking a new record of 50.5 percent increase compared to the same period last year. Earlier, the port announced a 21 percent increase in its annual throughput by the end of 2017, making it the second largest port in the Kingdom in terms of container handling. 

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest growing container port in the world and one of the world’s top 100 ports after less than four years of operation. Eight of the largest shipping lines work at the port, which offers integrated services to exporters and importers.