“Oman and Zanzibar Strengthen Bilateral Ties: Focus on Economic, Cultural, and Health Cooperation”
Riyadh,
Three Saudi government and private entities are leading intensive efforts to activate maritime shipping lanes between the Kingdom and the Republic of Djibouti, to maximize the benefits of Saudi Logistics City in the Port of Djibouti’s free zone.
The city, established through an agreement signed in June, enables Saudi exports to reach 500 million consumers in East African markets.
It will have permanent warehouses, yards, logistics services, and administrative facilities, and will provide investors and traders with all storage requirements.
The Federation of Saudi Chambers, in collaboration with Jazan’s Chamber of Commerce and the Saudi Ministry of Transport and Logistics Services, organized yesterday a workshop on operationalizing shipping routes between Jazan and Djibouti.
Among the attendees were Jazan Chamber of Commerce Chairman Ahmed Abu Hadi, representatives from various government bodies, and local and international companies.
Discussions at the workshop focused on ways to activate air and maritime shipping lines, challenges faced by investors from the Kingdom in the Horn of Africa countries, investment opportunities, and available enablers and incentives.
Also highlighted was the fact that relevant entities will study and determine the best products that can be exported to and imported from African markets.
Recommendations were made to enhance air and maritime navigation between the Kingdom and Djibouti, sign investor protection and direct investment agreements, and strengthen communication between the city officials, and exporters and importers.
Saudi Ports Authority makes use of companies that are among the top five global shipping lines for the maritime shipping services between the Kingdom and Djibouti. As a result, 20,000 containers have reached the Port of Djibouti so far this year.
— SPA