The Saudi Ports Authority (Mawani) has allocated SR9 billion ($2.4 billion) for investment in the development of local ports' capacity, its CEO Omar Hariri said without giving further details.
Hariri, speaking during the Logistics Forum held on Monday at the Asharqia Chamber, added that 72 international and local companies intend to work on new contracts and will invest about SR2 billion, Aleqtisadiah reported.
He added that the authority is also seriously working on digital transformation, so that all its operations are automated.
Work is underway on the separation between legislation and operation, to bypass its traditional procedures through value-added solutions and services at a lower cost, he said.
