The Port of Jeddah in Saudi Arabia is a significant maritime transportation center in the Red Sea. Its strategic location makes it a gateway for trade between Europe, Asia, and Africa.
Saudi Arabia recognizes the Port of Jeddah as a vital element in its economic framework, playing a crucial role in facilitating trade and commerce across the region. As a high-income, oil-based economy and a leader in OPEC, Saudi Arabia is actively diversifying its portfolio amid declining per-capita incomes. The nation boasts a young labor force, yet faces challenges such as key human capital gaps, a heavy bureaucracy, and growing corruption.
Despite substantial wealth, there is notable poverty, and Saudi Arabia strives to transition from a low innovation economy. Navigating these complexities, the country is working towards a more diversified and resilient economic future.
4,882,342 TEU (2021)
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Ahmed Al-Mansour |
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+966 555 555 555 | jeddah.saudiarabia@sdglines.com |
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