NEOM Port Officially Launched in Duba, Saudi Arabia

The NEOM port in northern Saudi Arabia has been officially launched, with a consortium of allied companies undertaking the initial phase of development. The port, previously known as Duba Port, was transferred from the national maritime regulator Mawani to NEOM in 2022, aligning with national transformation policies to regulate port operations and establish global logistics centers.

Located within the Oxagon complex for advanced and sustainable industries, the Port of NEOM will serve as the primary maritime gateway to the northwestern region of the Kingdom. The port has already witnessed numerous development activities to enhance its infrastructure and capabilities, including an increase in container handling and general cargo operations.

"The Port of NEOM will be a critical enabler for NEOM's economic diversification and maritime trade ambitions, with plans to build one of the world's most technologically advanced, efficient, and sustainable ports," stated Nadhmi Al Nasr, CEO of NEOM.

The port has seen the launch of the first fixed call container service operated by CMA CGM, a global player in sea, air, land, and logistics solutions. Contracts have also been awarded for design, dredging, quay wall construction, and cargo handling equipment, with the redesign project valued at over SAR 180 million.

Why this matters: The official launch of the NEOM port signifies a noteworthy achievement in Saudi Arabia's efforts to transform its economy and establish itself as a global logistics hub. The port's strategic location and advanced infrastructure will play a vital role in facilitating trade and driving economic growth in the region.

The unveiling of the NEOM port follows recent announcements of other sustainable tourism initiatives in the Gulf of Aqaba region, showcasing NEOM's commitment to conservation and innovation. These developments, along with the opening of a new International Monetary Fund regional office in Riyadh and the launch of weekly international flights from NEOM Bay Airport in partnership with SAUDIA Airlines, demonstrate the rapid progress being made in realizing NEOM's vision for the future.

Key Takeaways

• NEOM port in Saudi Arabia officially launched, led by allied companies.
• Port to serve as primary maritime gateway to northwestern Saudi Arabia.
• Port plans to be one of the world's most advanced and sustainable.
• First fixed container service launched by CMA CGM, contracts awarded for development.
• NEOM port launch signifies Saudi's efforts to transform economy and logistics hub.