Jay New - CEO, King Abdullah Port

In a discussion about King Abdullah Port, its strategic location on the Red Sea is highlighted as a prime trading hub for Saudi Arabia, positioned between Asia and Europe. The port is recognized for its efficiency and modern technology, having been built from scratch with the latest cranes and radar systems. Sustainability is a key focus, with efforts to train local nationals and transition to renewable energy sources. The port aims to become a global logistics hub, doubling or trebling in size over the next decade. Artificial intelligence plays a crucial role in optimizing operations, such as container loading and cargo movement. The surrounding special economic zone is set to boost Saudi Arabia's export market by attracting foreign manufacturers. The vision aligns with Saudi Arabia's Vision 2030, transforming the economic model from import-dominated to export-driven.