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The Saudi Ports Authority, also known as Mawani, has announced that it strengthened the maritime and logistics sectors of Saudi Arabia in 2023, contributing to the Kingdom's exceptional leaps in international indicators and solidifying its position as a global logistics centre.

In a statement shared with Financial Nigeria, Mawani said it promoted the Saudi’s leadership in the logistics and maritime sectors with investment projects worth 13 billion riyals ($3.47 billion) during the year. The achievements included the establishment of eight logistics parks, the introduction of 28 new maritime services, and the receipt of seven regional and global awards.

The Kingdom witnessed progress in various international rankings, including container handling and logistics efficiency. It jumped eight ranks in container handling, reaching the 16th position out of the largest 100 ports worldwide, according to "Lloyd's List." In the logistics efficiency index by the World Bank, the Kingdom climbed 17 ranks to reach the 38th position out of 160 countries.

These and other advancements, the Authority said, align with the targets of the National Transport and Logistics Strategy (NTLS) of the Saudi government.