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Saudi Arabia’s maritime sector is set to receive an allocation of SAR 33 billion (USD 8.8 billion) for the energy, industry, mining and logistics sectors, according to its recently announced budget for 2019. The 2nd Saudi Maritime Congress, to be held on March 11 and 12 at the Four Seasons Hotel Riyadh, Kingdom Centre, Riyadh, Saudi Arabia, will examine these budgetary implications on this sector, focus on the growth of intra-regional trade and the booming north-south network, analyse the changing regulatory environment and study existing project opportunities. Held under the patronage of the Saudi Ports Authority (MAWANI) and in partnership with Bahri, the event is expected to set new trends in the shipping and logistics industry, providing extraordinary insights into the country’s ambitious growth agenda and consolidate Saudi Arabia’s position as a global trading hub and a strategic gateway to Asia, Africa and Europe. Chris Hayman, Chairman, Seatrade, said: “We are pleased to organise the Saudi Maritime Congress for the second time, following the great success of the first edition in 2014. Against the background of global change, the Kingdom of Saudi Arabia’s Vision 2030 plan is set to transform the Saudi economy, with massive consequences for its maritime and logistics sectors. This event will provide a unique opportunity to see at first hand the scale and nature of the developments which are now unfolding in the Kingdom, as it consolidates its role as a major industry player and as a global logistics hub.”

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