CMA CGM Group has signed an agreement with the Saudi Ports Authority (SPA) to launch a 130,000 sqm specialised container depot and warehousing facility at Saudi Arabia's biggest port, Jeddah Islamic Port (JIP).
Abu Dhabi-based AD Ports Group today reported net profits of $232m last year, a rise of 115% on full-year 2020, reflecting the UAE’s wider economic recovery from the Covid-19 pandemic.
Despite the challenges facing ports, Cosco-controlled Piraeus Port Authority (PPA) recorded its highest ever level of profitability in 2021 with all sectors of business showing an improvement in performance.