Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

SAR and Maersk to transport more containers between 2 Saudi ports

SAR and Maersk signed an agreement to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port.
  • The contract will also help increase operational efficiency, decrease the number of trucks between Dammam and Riyadh cities, reduce emissions, and maintain road infrastructure.
  • It will contribute to elevating Dammam Port to a regional station for global trade routes from the east to the local markets and countries in the region, said CEO SAR.

Riyadh, Saudi Arabia — Saudi Arabia Railways (SAR) has signed a contract with the sea shipping company Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port.

SAR CEO Bashar Khalid Al-Malik and Maersk Saudi Arabia CEO Mohammad Shihab signed the three-year contract based on which the number of containers transported through the east train increase, safe and lasting transportation solutions are provided and the Kingdom’s competitiveness grows, helping it realize its strategic goals and boost the Kingdom’s global Logistics Performance Index (LPI) in a way that aligns with Saudi Vision 2030, SPA reported.

The contract will also help increase operational efficiency, decrease the number of trucks between Dammam and Riyadh cities, reduce carbon emissions, and maintain road infrastructure.

Al-Malik stressed that such contracts improve the shipping sector, and reaffirmed SAR’s dedication to providing safe and creative solutions to enhance operational efficiency at King Abdulaziz Port in Dammam and Riyadh Dry Port, thus improving the overall transportation sector.

Shihab said the contract is a step toward finding cooperative solutions, between Maersk and SAR, to digital transformation and sustainable logistics. He also said it will contribute to elevating Dammam Port to a regional station for global trade routes from the east to the local markets and farther to the countries in the region.