King Abdullah Port welcomes world’s largest container ships

The ultra-large container ships are classified among the largest class of container vessels in the world.
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Updated 24 June 2020

King Abdullah Port welcomes world’s largest container ships

Marking their first voyage to Saudi Arabia, mega container ships MSC Gulsun, MSC Mia and MSC Sixin recently docked at King Abdullah Port in the same week. The maiden calls from the three vessels, among the world’s largest container ships, were received and handled efficiently utilizing the port’s mega infrastructure and most modern highest capacity equipment.

The ultra-large container ships are classified among the largest class of container vessels in the world, with MSC Gulsun and MSC Mia having an operating capacity of 23,756 TEU and a draft of 16.5 meters, while MSC Sixin has a capacity of 23,656 TEU and a draft of 16.5 meters. The three vessels have been designed following strict environmental criteria, leading to a significant reduction in CO2 for each container.

The arrival of such large vessels in one week is a testimony to King Abdullah Port’s capability to serve giant container ships. With its 18-meter deep water berths, the port is classified among the world’s deepest ports and also is the deepest on the Red Sea.

Meanwhile, Maersk Havana with a requirement of draft on arrival of 16.4 meters also docked at King Abdullah Port in the same week when the three MSC vessels berthed.

The port’s state-of-the-art marine infrastructure and equipment as well as massive storage yard enable it to efficiently handle vessels of any size. King Abdullah Port delivers highest level of productivity and efficiency with average vessel turnaround time of less than 15 hours as it is equipped with the world’s largest and most advanced cranes packed with latest technologies, featuring a lifting capacity of up to 65 tons and the ability to handle 25 container rows.

Located on the Red Sea coast in King Abdullah Economic City, the port, with its strategic location on one of the most important global maritime shipping routes, is an ideal link connecting Asia, Europe, and Africa to each other as well as to other continents.


Virtual BMG forum to spotlight Saudi investment

Updated 07 July 2020

Virtual BMG forum to spotlight Saudi investment

More than 20 high-level Saudi government representatives and 15 local and international CEOs will bring to light post-pandemic investment opportunities in Saudi Arabia at the 2020 BMG Economic Forum, which will go virtual this year.

The forum, with a 25-year history, will be held on July 15 from 2 p.m. to 8:45 p.m. KSA time.

The forum is organized by BMG Financial Group and its CSR arm, BMG Foundation, and is part of the BMG Summer Retreat, which always takes place in the UK and also hosts a polo match, with the presence of Saudi and British royals among participants.

“In the wake of the coronavirus outbreak, the Saudi economy needs foreign investment more than ever,” said Basil Al-Ghalayini, chairman and CEO, BMG Financial Group. “Saudi Arabia is on a journey of economic diversification, which offers many investment opportunities, and international investors have for several years been encouraged by the clear direction that Vision 2030 offers as well as by the huge improvement in the prestigious annual world competitiveness rankings by the Swiss IMD.”

Explaining the role and purpose of the 2020 BMG Economic Forum, Al-Ghalayini said: “Now that we are focused on post-pandemic recovery, the international investor community is keen to get a comprehensive update on the Saudi economy as well as on key industries — those that are the pillars of the transformation of the Saudi economy. Therefore, the timing of the annual BMG Economic Forum has never been better, and we are proud to host a very prestigious lineup of speakers and welcome over 500 participants.”

The recently launched tourism development fund and the opportunities for accelerating the recovery will be a leitmotiv for the virtual BMG Economic Forum this year. Saudi government officials and local and international business executives will discuss the investment opportunities for foreign investors and Saudi organizations.

In the tradition of BMG Foundation Classics’ charitable summer concerts in London, the foundation will this year unite an orchestra with musicians representing the G20 countries, including musicians from Nova Orchester Wien. The concert will be broadcast live digitally from Ehrbar Hall in Vienna, Austria, at the end of the BMG Economic Forum.

Reflecting international cooperation within the G20 group of nations, 20 young musicians will come together to play a concert of Eastern and Western music, conducted by Maestro William Garfield Walker, a young American conductor based in Vienna. The program features music composed by Syrian-Argentinian composer Diego Collatti, including traditional Arabic music, arranged specially for this concert, in the classical tradition of Western music.

Other sectors and themes featuring on the forum agenda include: The new mining law, what is next for Saudi capital markets, energy, international supply chains and food security strategy revisited.

The confirmed speakers include: Bander Al-Khorayef, Saudi minister of industry and mineral resources; Stephen Groff, governor, Saudi National Development Fund; Dr. Frank Appel, CEO, Deutsche Post DHL Group; Paddy Padmanathan, president and CEO of ACWA Power; Dr. Ali Parsa, founder and CEO of Babylon Health; Ali Alireza, managing director, Haji Husein Alireza and Co. Ltd.; Reema Al-Asmari, CEO, corporate and investment banking KSA, Natixis; Richad Soundardjee, CEO, Societe Generale Middle East; Nicholas Naples, CEO, Amaala; and Khalid Al-Hussan, CEO, Tadawul and Hussain Shobokshi, Businessman, Consultant and Columnist.

 

The prominent speakers will also cover topics such as privatization, partnerships and digitization in health care and sustainable investment trends.