Mobility
2. Suez Canal Authority (SCA)
Chairman and Managing Director: Osama Mounier Mohamed Rabie Country: Egypt Established in: 1956
1. DP World
Group Chairman and CEO: Sultan Ahmed Bin Sulayem
Country: U.A.E. Established in: 1972 DP World is one of the largest operators of ports and cargo terminals in the world. Over 56,000 people work for the company across 181 operations globally. It recorded revenues of $4.9 billion in the six months to June 30, 2021—a 21.3% increase from the same period last year. In 2020, DP World signed a contract with the government of Senegal to build a port at Ndayane with an investment of $1.1 billion. In July 2021, it acquired Syncreon, which is located across 91 sites in 19 countries, for an enterprise value of $1.2 billion.
The Suez Canal is considered to be the shortest link between the east and the west due to its unique geographic location connecting the Mediterranean Sea to the Red Sea through Egypt. About 12% of the world’s trade passes through the 120mile man-made waterway each year. It is one of the most important sources of income for Egypt. The SCA recorded revenues of $3 billion in the first six months of 2021, an increase of 8.6% compared with $2.7 billion in the same period of 2020. During the first half of 2021, 9,763 vessels navigated through the waterway.
3. Saudi Ports Authority (Mawani) President: Omar bin Talal Hariri
Country: Saudi Arabia Established in: 1976
Mawani has a network of six commercial ports and three industrial ports with 232 platforms. Jeddah Islamic Port is the largest port in Saudi Arabia in terms of volume and cargo handling capacity. It covers an area of 12.5 square kms and handles more than 65% of all cargo imported through Saudi ports. In August 2021, Mawani announced a partnership with the private sector to develop and operate multipurpose terminals in eight Saudi ports.
F O R B E S M I D D L E E A S T.C O M
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MENA’S BIGGEST LOGISTICS COMPANIES
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MENA’s 10 Biggest Logistics Companies
OCTOBER 2021
