Jubail Value Proposition

Key Takeaways

  1. Saudi Arabia’s economy is expected to gradually pick up in the next few years on the back of National Transformation Program | Saudi Vision 2030:
    1. Royal Commission for Jubail and Yanbu (RCJY) is allocated second largest amount of funds under the NTP;
    2. There will be massive opportunities for Petrochemical, tourism, telecommunications, natural gas exploitation, power generation as well as many other sectors as Saudi’s Government puts more focus on increasing the share of non-oil GDP.
  2. The reforms have been driving immense opportunities at Jubail Commercial Port (JCP);
  3. JCP was the fastest growing port in the Middle East with extraordinary growth last year:
    1. 26% total throughput growth;
    2. 27% growth in Full Exports;
    3. 72% growth in Full Imports.
  4. JCP’s reach has increased significantly in last few years and the port is now connected to a vast network of global markets:
    1. 40 direct port connections in North Europe , Mediterranean, Middle East, Indian Subcontinent, East Asia and South East Asia;
    2. 8 weekly services with 39 weekly vessel calls from all major shipping lines.
  5. There is a significant imbalance in the Eastern Province Trade with high levels of empty container repositioning from Dammam to Jubail
    1. This imbalance increases the overall supply chain costs as well as adds inefficiency into the network;
    2. Inefficiencies need to be removed from the current ways of doing business to make NTP a success as well as improve the overall supply chain environment in the Eastern Province.
  6. JCP offers a unique import product with direct deliveries to customer site in Riyadh and other cities. This provides benefits to all stakeholders as well as reduces the inefficiencies:
    1. Major savings, up to 44% in transportation cost over rail transport;
    2. Faster clearance;
    3. Faster Turnaround of Equipment, considering that traffic bans will be avoided;
    4. Ample availability of empty containers for exports.
 
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