Saudi national carrier partners with ‘Summer Retreat’

Updated 14 June 2018

Saudi national carrier partners with ‘Summer Retreat’

Saudi Arabian Airlines, the Saudi national carrier, is the latest addition to the list of leading national and international firms as strategic partners of the annual “Summer Retreat” planned on July 11 and 12.

The “Summer Retreat” includes two events: The Economic Forum on July 11 at the London Stock Exchange and the BMG Foundation Polo Cup at Cambridge Polo and Country Club on July 12. 

The forum will focus on encouraging foreign direct investments into the Kingdom via investment opportunities including, Giga
projects, IPOs, public debt offerings, privatization, etc. Saudi senior
officials, international sovereign funds officials, emerging funds managers, CEOs, and others are among the distinguished faculty of speakers.


On July 12, the 23rd BMG Foundation Polo Cup will take place, which is considered the oldest joint Saudi-British charitable social and diplomatic event where royal family members from the two countries have participated in the past including King Salman and Queen Elizabeth, among others. 

This noble event has been supporting charities in the UK and awareness campaigns in Saudi Arabia.


What is the BMG Foundation Polo Cup?

BMG Foundation Polo Cup is an annual equestrian event focused on bridging business, social and philanthropic networks between the most influential business leaders of the East and the West. The event has raised hundreds of thousands of dollars for the needy around the world.

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.