Saudi Arabia’s maritime sector to get SR33bn boost

The event is expected to set new trends in the shipping and logistics industry, providing extraordinary insights into the country’s ambitious growth agenda. (SPA)
Updated 08 January 2019
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Saudi Arabia’s maritime sector to get SR33bn boost

  • The second Saudi Maritime Congress, to be held on March 11 and 12 at the Four Seasons Hotel Riyadh Kingdom Center

JEDDAH: Saudi Arabia’s maritime sector is set to receive a much-needed cash boost of SR33 billion ($8.8 billion).
The massive investment, announced as part of the Kingdom’s 2019 budget, will be concentrated on the energy, industry, mining and logistics sectors.
The government’s blueprint for growth, being delivered under its Vision 2030 banner, is expected to see this year’s revenues in Saudi increase to SR975 billion.
The second Saudi Maritime Congress, to be held on March 11 and 12 at the Four Seasons Hotel Riyadh Kingdom Center, will examine the budgetary implications for the maritime sector in fine detail.
Hosted by the Saudi Ports Authority (MAWANI) in partnership with the Saudi shipping company Bahri, the event is also expected to set new trends in the shipping and logistics industry, providing extraordinary insights into the country’s ambitious growth agenda and consolidate Saudi Arabia’s position as a global trading hub and strategic gateway to Asia, Africa and Europe.
During the two-day congress, international experts, influential maritime leaders and professionals from the shipping, ports and offshore marine companies will discuss ways of working together to fast-track growth and development in the maritime industry sector.
Chris Hayman, chairman of Seatrade, said: “We are pleased to organize the Saudi Maritime Congress for the second time, following the great success of the first edition in 2014.
“Against the background of global change, the Kingdom of Saudi Arabia’s Vision 2030 plan is set to transform the Saudi economy, with massive consequences for its maritime and logistics sectors. This event will provide a unique opportunity to see at first hand the scale and nature of the developments which are now unfolding in the Kingdom, as it consolidates its role as a major industry player and as a global logistics hub.
Hayman added: “The Saudi Maritime Congress will provide an ideal platform for discussing with key players the future direction of maritime and logistics policy in the Kingdom and for showcasing the commercial and investment opportunities which this ambitious pathway toward sustainable development represents.”


Investigation into alleged mistakes in Yemen find coalition forces acted properly

Updated 17 January 2019
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Investigation into alleged mistakes in Yemen find coalition forces acted properly

JEDDAH: The Joint Incident Assessment Team in Yemen (JIAT) has investigated four allegations made by international governmental and non-governmental organizations and media about mistakes made by coalition forces while carrying out military operations inside Yemen.
JIAT spokesman Mansour Al-Mansour said that the team concluded that the procedures followed by the coalition forces were proper and safe, taking into consideration the rules of engagement, international humanitarian law and the coalition’s own rules.
Team members visited a number of cities in Yemen, including Aden, Lahj and Khor Maksar, during the investigation and spoke to witnesses, victims and their families to gather evidence and establish the facts.
In one of the incidents that was investigated, coalition warship fired on and destroyed a craft in the waters off the Yemeni port of Al-Khokha in September. Al-Mansour said that after examining documents and evidence JIAT had concluded that an alliance ship was escorting and protecting a flotilla of three Saudi merchant ships when, in an area off the port of Al-Khokha, a boat was spotted approaching the convoy at a high speed from the direction of the Yemeni coast.
The escort ship followed the accepted rules of engagement by repeatedly warning the unidentified vessel, using loudspeakers, not to come any closer. When these went unheeded, warning shots were fired but the boat continued to approach.
“On reaching an area that represented a threat to the convoy, the protection ship tackled the boat according to the rules of engagement and targeted it, resulting in an explosion on the boat,” said Al-Mansour. “The protection ship continued escorting the convoy. After the escort task was completed, the protection ship returned to the site of the targeted boat to carry out a search-and-rescue operation for the crew of the target boat but no one was found.”