SEC and Japan firms sign deal to implement ‘Electric Car Pilot Project’ in the Kingdom

Representatives of SEC and three Japanese firms during the agreement signing ceremony.
Updated 18 January 2018

SEC and Japan firms sign deal to implement ‘Electric Car Pilot Project’ in the Kingdom

The Saudi Electricity Co. (SEC) has signed a cooperation agreement with three Japanese firms to implement “Electric Car Pilot Project” in the Kingdom.
The projects aims to help reduce dependency on oil and boost environmental conservation standards by minimizing pollution associated with similar internal combustion engine (ICE) vehicles.
The agreement was signed by Khalid bin Saad Al-Rashed, executive vice president, engineering and projects, SEC, and officials of Tokyo Electric Power Company Holdings Inc., Nissan Motor Co. and Tecaoca Coco Energy Solutions Co.
Al-Rashed said the project is an important step to transfer modern technologies and use the electric energy in general and electric car technologies in particular.
He said the coming days will witness SEC’s additional efforts to assess utilization of such promising experiments.
The agreement also includes the development of a fast electric charger for vehicles.
Meanwhile, Nissan Co. announced it will lend SEC three electric cars while Tecaoca Coco Co. will provide it with three fast chargers, highlighting the international trend to expand usage of such cars.
According to the agreement, SEC will cooperate with three Japanese companies to study operation of electric cars in the Kingdom and adapting them to the environment and requirement of their operation.
The possibility of expanding the project and means of utmost utilization will be discussed in order to achieve the objectives and future plans, confirming that SEC is aiming to keep up with the latest technologies in the field of electric energy.
Over the past years, SEC has signed a number of agreements and memos of understanding (MoU) with leading Japanese companies to build strategic relations with international manufacturers.

King Abdullah Port throughput up by 36%

The number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017.
Updated 21 January 2019

King Abdullah Port throughput up by 36%

The annual throughput of King Abdullah Port increased to 2,301,595 TEUs by the end of 2018, an increase of more than 36 percent compared to 2017. This maintains its position as the second largest port in the Kingdom in terms of container handling. 

Since its inception in the last quarter of 2013 the number of containers handled by the port has reached 7,227,859 TEUs. The port’s management stated that the annual increase in throughput was primarily achieved in conjunction with an 8 percent increase in imports and exports compared to 2017.

King Abdullah Port CEO Rayan Qutub said: “King Abdullah Port constitutes a real success story in public-private sector partnerships in light of the increasingly outstanding figures it achieves year after year. The port has become the leading driver in the maritime shipping and logistics services sector in terms of building knowledge, launching initiatives and supporting various activities in this sector.”

He added: “King Abdullah Port aspires to support the Kingdom’s economic development and enhance its competitiveness by increasing the efficiency of logistics services and supporting trade movement between the Kingdom and the rest of the world in line with Vision 2030. The latter would occur through the provision of state-of-the-art infrastructure and advanced logistics services to become a landmark on the maritime and logistics services map in the Kingdom and the region.”

Referring back to the 2018 results, Qutub said: “We achieved a record 50 percent increase in container handling in the first half of 2018, and we are moving forward with our development plans to provide best practices in the fields of port development and operation as well as supporting logistical services. This will increase the Kingdom’s competitive advantage on the logistics services index, and in turn effectively contribute to achieving the logistical objectives of the Kingdom’s Vision 2030.” 

The results achieved by King Abdullah Port in 2018 include an increase in transshipment volume reaching 1,847,569 TEUs, which is a 44 percent increase compared to 2017. Meanwhile, the number of vessels received by the port increased to 911 vessels, a 12 percent increase compared to 820 vessels in 2017. 

The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.