The Saudi Ports Authority (Mawani ) has issued a license to the local subsidiary of Maersk in order to operate in all ports across Saudi Arabia.
According to the state news agency SPA, the step comes along with the authority’s strategy to improve the efficiency and quality of performance and services offered in Saudi ports.
The new Maersk shipping license is the fourth of its kind to be issued to foreign investors in the Kingdom. Maersk joins other major lines of Barwil, Hapag-Lloyd and the Mediterranean Shipping Company, already operating.
Saad Abdul Aziz Al-Khalb, President of the Saudi Ports Authority, (Mawani) commented that “We have issued a license to Maersk (Saudi Arabia) to operate in all 9 Saudi ports. This reflects our mutual confidence as container volume increases and KSA expands as regional logistics hub.”
This contract follows the Saudi Ports Authority’s recent approval of general licensing, new maritime regulations and ship financing, as part of the fulfilment of Vision 2030 objectives, along with the improved customer satisfaction, increased performance and new employment opportunities for Saudis.
Maersk (Saudi Arabia) is the local division of one of the world’s largest and best-known logistics & shipping companies. The parent company, AP Moller-Maersk, is headquartered in Copenhagen, Denmark.