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.”


Houthis targetted civilian facility in Najran with an explosives-laden drone, says Arab Coalition

Updated 21 May 2019
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Houthis targetted civilian facility in Najran with an explosives-laden drone, says Arab Coalition

  • Houthis also fired two ballistic missiles toward the holy city of Makkah and Jeddah on Monday

RIYADH: Houthi militants had tried to hit a civilian facility in Saudi Arabia's southern border province of Najran with a drone carrying explosives, the Arab Coalition supporting Yemen's legitimate government said on Tuesday.
In a statement carried by the Saudi Press Agency (SPA), Colonel Turki Al-Maliki, the spokesman of the Saudi-led military coalition said the target was a vital facility.
"The Houthi-backed terrorist militia of Iran continues to carry out acts of terrorism that pose a real threat to regional and international security by targeting civilian objects and civilian facilities, as well as civilian citizens and residents of all nationalities," Al-Maliki said.

The statement did not mention casualties and gave no further details.

Earlier on Monday, Al-Maliki said Houthis fired two ballistic missiles toward the holy city of Makkah and Jeddah but both were shot down by Saudi air defense forces.

The Iran-backed Houthis have fired dozens of missiles at targets in Saudi Arabia, including the capital Riyadh, since the Arab Coalition intervened in 2015 to restore the government of President Abed Rabbo Mansour Hadi, which was ousted in a Houthi coup.