RIYADH — The Board of Directors of the Saudi Ports Authority (Mawani) conducted its fifth meeting for the current year at Mawani’s headquarters in Riyadh. The meeting was presided by the Minister of Transport and Mawani’s Chairman Eng. Saleh bin Nasser Al Jaser in the presence of dignitaries and board members.

During the meeting, the board reviewed Mawani’s transformation plan and the attained initiatives, and further deliberated on implementation plans for the recently signed concession contracts. They also reviewed Mawani’s operational and financial performance during the first ten months of the running year, and discussed the budget for the upcoming year and the human resources development project.

The meeting was concluded with a series of recommendations, most prominently regarding extending the validity of the adjusted participation ratios for transit handling dues between Mawani and the operators of the south and north container terminals at Jeddah Islamic Port, in addition to amending some ports dues. The board also recommended approving rental requests for land under the its jurisdiction, and restructuring contracts with the Arabian Agricultural Services Company (ARASCO).

The board reiterated that over the next phase Mawani will focus on developing the operational and logistical capabilities of Saudi Arabia’s ports, in addition to adopting international best standards and pursuing world-class key performance indicators to fulfill the National Industrial Development and Logistics Program outlined throughout Saudi Vision 2030. — SG