A complementary network between all ports must therefore, be established in order to achieve this vision and feed the local market, he told Asharq Al-Awsat from Rabigh.
He explained that 26 percent of marine navigation passes through Jeddah and only 3 percent of its enters Saudi Arabia.
Moreover, he noted the eastern Africa is being viewed as the “new China” given the vastness of its market.
This market therefore, requires a logistic platform and the King Abdullah Port is in a prime position to serve that purpose, Qutub stressed.
Historically, Saudi Arabia has acted as logistic platform for East Africa, he remarked.
The King Abdullah Port, which is located north of Jeddah on the Red Sea, completes the network of nine ports in Saudi Arabia, he continued.
It aims to attract global marine navigation and markets. It also aspires to increase Saudi exports and imports, accelerate operations and lower costs.
The port boasts 18-meter water berths, Qutub revealed, saying that ships loaded with more than 17,000 containers demand such a depth.
The port would also be attractive for the speed in which cargo can be loaded and unloaded, he said.
Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, had inaugurated in Rabigh on Monday the King Abdullah Port during his visit to King Abdullah Economic City.
The port has established partnerships with shipping companies, banks and international companies operating port operations, in addition to investments that exceeded 13 billion riyals. It will provide jobs for 20,000 Saudis.
The port features state-of-the-art facilities including 18-meter water berths, which are the deepest in the world, and the world’s largest and most advanced cranes, which employ the latest technology and feature a 65-ton lifting capacity as well as a handling capacity of 25 containers. Such facilities enable the port to serve giant container vessels now and in the future.
Owned by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed, and operated by the private sector.
It has been listed as the fastest growing container port and one of the world’s top 100 ports after less than four years of operation.
Eight of the largest shipping lines operate at the port to offer integrated services to importers and exporters, and the port’s development plan is proceeding at a steady pace with a clear vision to become one of the world’s leading ports.
Utilizing its advanced facilities and proximity to the assembly, re-export, and logistics services zones, the port offers its clients logistics support that can enable them to achieve their desired growth.