New cost-of-living allowance for Bahri staff

Updated 13 January 2018
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New cost-of-living allowance for Bahri staff

Bahri, a global leader in transportation and logistics, has announced a new cost-of-living allowance to its staff.
The move takes Bahri’s endeavors to improve employee welfare to a new level, according to a press release.
The announcement comes close on the heels of a recent royal order that stipulates a monthly payment of allowances to public sector employees to enable them to cope with the increase in prices of goods and services in Saudi Arabia following the government’s new economic reforms aimed at achieving its goals outlined in Saudi Vision 2030.
Effective January 2018, the Bahri employees working in the Kingdom will receive a monthly cost-of-living allowance over the next 12 months.
“As a company that champions social and economic goals of the Kingdom, Bahri is committed to supporting various initiatives of the government, and the new cost-of-living allowance is a natural response to the royal directive, which is aimed at softening the impact of economic reforms in the country,” said Abdullah Aldubaikhi, CEO of Bahri.
“Understanding and addressing the needs of our workforce are paramount to us, and, by doing so, we are contributing toward the overall empowerment of Saudi society. We are firm in our resolve to support the Kingdom in achieving its strategic economic goals and bolstering its pre-eminent position in the region and globally,” said the CEO.


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.