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NEOM Port Project Secures Contracts Bonanza | |
| Sumita Pawar |
NEOM, the futuristic city being built in Saudi Arabia, has taken over the management of Duba Port from national maritime regulator Mawani.
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The port, which has been renamed Port of NEOM, is the primary seaport of entry to the northwest of Saudi Arabia and will be a critical enabler for NEOM and a catalyst for broader economic development in the region.
Nadhmi Al Nasr, Chief Executive Officer, of 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 demonstrates our commitment to the vision."
The first fixed-call container service is being operated by CMA CGM, with the first direct connection to and from NEOM through CMA CGM’s global network.
The port will be fully integrated and automated, with the first advanced terminal due to open in 2025.
The first container terminal will be operational by the beginning of 2025, with integrated supply chain and logistics solutions.
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.