ADNOC boss bags New Silk Road CEO of Year Award

Sultan Al-Jaber, UAE’s minister of state and group CEO of ADNOC, receives the Aramco Trading New Silk Road CEO of the Year Honorary Award 2019 from Ibrahim Al-Buainain, CEO of Aramco Trading, at the 9th Gulf Intelligence Energy Markets Forum in Fujairah.
Updated 03 October 2019

ADNOC boss bags New Silk Road CEO of Year Award

Sultan Al-Jaber, UAE’s minister of state and group CEO of ADNOC, was recently presented with the Aramco Trading New Silk Road CEO of the Year Honorary Award 2019 by Ibrahim Al-Buainain, CEO of Aramco Trading, at the 9th Gulf Intelligence Energy Markets Forum in Fujairah.

“The New Silk Road is reshaping the flow of global trade. By 2040, countries east of the UAE will account for more than two-thirds of global GDP, becoming the world’s most significant driver of energy demand,” said Al-Jaber. “ADNOC is leveraging the UAE’s unique geographic location at the gateway to this region and Fujairah is a critical enabler of this strategy.”

The Honorary Award category was added to acknowledge the stand-out CEO who made the most significant impact across all four of the celebrated energy sectors of trading, refining, storage and ports over the previous year.

ADNOC’s pioneering activities in 2019 included the establishment of a joint-venture trading company with Eni and OMV, in addition to an agreement with South Korea’s SKEC to build the world’s largest single underground facility for oil storage.

This award was launched in 2017 to recognize the industry leaders who are pioneering the connectivity of the international energy industry across the New Silk Road, from Asia to the Middle East and Africa.


72% increase in goods handling at King Abdullah Port

Updated 20 September 2020

72% increase in goods handling at King Abdullah Port

Amidst the challenges of COVID-19, King Abdullah Port has ensured uninterrupted services, playing an active role in facilitating the smooth flow of the logistics chain for essential commodities. The port’s world-class infrastructure with mega capacity combined with its efficient operation capabilities enabled an increase of 72 percent in handling pharmaceutical and medical supplies during the first eight months of 2020. 

More than adequate refrigerated storage facilities with high efficiency have been installed as pharmaceutical and medical supplies are areas of particular focus at King Abdullah Port. The supplies imported to the Kingdom through the port included medicines, which require specialized cooling mechanisms, and air filters for respiratory devices, among others. The increase in the handling of containers signifies King Abdullah Port’s enhanced efforts and its contribution toward achieving the goals of the Kingdom’s Vision 2030.

As part of its community-driven endeavors, King Abdullah Port allowed importers to continue benefiting from round-the-clock cargo clearance services without any disruptions, in cooperation with government agencies including Saudi Customs, Saudi Food and Drug Authority, Border Guards and others operating under the regulatory frameworks of the Economic Cities and Special Zones Authority. This contributed to facilitating product clearance procedures easily and effectively. As a result, the port has seen a substantial improvement in the satisfaction level of its customers across various industries as reflected in the growth of cargo handling volume. 

Necessary preventive measures have been taken in cooperation with the Ministry of Health to ensure the health and safety of all port staff and visitors while maintaining a high level of efficiency.

To reduce direct contact and avoid the spread of COVID-19, King Abdullah Port relied on activating e-operations during this period while maintaining the efficiency of the product clearance process. 

The port took appropriate measures to respond to any vessel with suspected or confirmed COVID-19 cases while ensuring risk-free vessel operations. It mandated shipping agents to send all required information to the ministry 24 hours before the vessel’s arrival to ensure the implementation of all necessary medical examinations and precautionary measures if necessary.

Run by the Ports Development Company and located in King Abdullah Economic City, King Abdullah Port is the first port in the region to be fully owned, developed and operated by the private sector. 

It has been listed as the world’s fastest-growing container ports and one of the 100 largest ports globally after less than four years of operation. Further, 10 of the world’s largest shipping lines work at the port, which currently has a capacity of 6.5 million TEU, offering integrated services to importers and exporters. King Abdullah Port’s development plan is progressing at a steady pace and it is set to consolidate its place among the leading ports worldwide.