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NEOM Port: Empowering Economic Growth | |
| Sumita Pawar |
NEOM, the futuristic city project in Saudi Arabia, has announced the renaming of Duba Port as the Port of NEOM and significant enhancements to the facilities there.
The site is located in Oxagon, NEOM's advanced and clean industries hub, and is being developed as a globally competitive logistics hub with the first fully integrated and automated supply chain and logistics network.
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Nadhmi Al Nasr, Chief Executive Officer, NEOM, said, "The Port of NEOM will be pivotal to the continued commercial competitiveness, economic diversification, and maritime trade ambitions of the Kingdom. Our vision is to build one of the world’s most technologically advanced, efficient, and sustainable ports with the first fully integrated and automated supply chain and logistics network, and this first phase of development is a step towards realising that.
"Located on the Red Sea, at the crossroads of global trading routes, the port will be a critical enabler for NEOM and a catalyst for broader economic development in the region. Our investment to date of over SAR 7.5 billion and our intention to open the first advanced terminal in 2025 demonstrate our commitment to the vision."
"The Port of NEOM will be a critical enabler to the overall build, operations, and economic ambitions of NEOM, from the import of goods and materials during the development phase and as a new global port serving the region. This is particularly important as development accelerates and businesses across NEOM come on stream," said Sean Kelly, Managing Director, Port of NEOM.
CMA CGM's Direct Connection To NEOM
The first fixed-call container service is being operated by CMA CGM. Contracts for design, dredging, quay wall construction, and cargo handling equipment have been recently awarded.
The port will operate at net carbon zero levels with 100% renewable energy at source, making it the world’s most sustainable next-generation port.