Economic Development and Accelerated Growth:
As a result of a comprehensive view of all variables related to the port sector on the regional and international scene, and the accelerated development approach, which includes the management of the work of the Authority based on international regulations and standards; the General Authority for Ports has always been raising efficiency, equipment and operating methods since its establishment. This remarkable rhythm continued to work efficiently for the benefit of all the beneficiaries until we reached a new stage that requires new tools to deal with them.
Transition and the era of privatization:
Considering the regional and international characterization of Saudi ports and the significant shift in the national economy from an imported and a consumer economy to a productive economy and exporter, the opening up of maritime trade has become a significant factor in activating the role of Saudi ports and expanding its interaction with the international maritime trade movement. Exports account for 70% of total port traffic, while their share was less than 10% years ago.
Ports as trade and development portals have been developing their equipment to cope with rapid changes in maritime trade. One of the most important developments was the quick transition to the use of containers in maritime trade. In addition to doubling the capacity of container vessels, which requires sufficient and high capacity in ports to attract such type of ships. In order to keep pace with the economic developments and to continue to develop the ports according to the integrated development plans of the Kingdom of Saudi Arabia, the Royal Decree was issued in 1997 to assign all operations of operation, maintenance and management of the ports and equipment of the Saudi ports on the east and west coasts to the private sector through signing long-term contracts. The years following this decision have proved to be a well-known example of our wise government. This guidance has resulted in a significant improvement in the operational efficiency of ports and significant investments, resulting in successive updates of equipment and higher rates of customer and beneficiary satisfaction.