12% growth in Gulftainer’s business in Saudi Arabia

Sharjah (Union) Gulftainer, a port management and logistics company, recorded a 12% growth in its commercial and container operations in Saudi Arabia, with Jubail Commercial Port registering 347,000 TEUs since 2021. The Gulf Stevedoring Contracting Company (GSCCO), part of the The Gulftainer Group of Companies, an additional 21% year-over-year increase in general cargo tonnage at the terminal, reached 2.7 million metric tons in the first half of 2022.
“I am very proud of the team’s efforts commercially, and we are focused on continuous improvement for the rest of the year,” said Gulftainer’s new managing director in Saudi Arabia, Robert Hambleton. The award-winning company attributes its continued success to the skills, dedication and capabilities of its workforce.”
Peter Richards, CEO of Gulftainer, said: “At Gulftainer and GSCCO, we have continued to be committed to developing the best ports and logistics infrastructure at our facilities since the beginning of the global pandemic. It certainly wasn’t easy to get around all the unexpected limitations that have arisen due to the multiple shutdowns around the world, however I am proud to say that every Gulftainer employee, from the freight handlers at the terminals to our management team, has played a vital role in the company. To thrive during these trying times.”
Peter added: “Despite the challenges presented by the pandemic, we have seen a steady increase in business, as our focus this year has been to maintain efficiency and provide our customers with a seamless experience. On the commercial side, we have noticed an outstanding total productivity and profitability, which has seen an increase in EBITDA by 53% since 2021.”
The strategic geographical location of Jubail has enabled it to continue to develop into a pivotal gateway to international trade and industrial activity, thus enhancing the economic and commercial potential of the Kingdom of Saudi Arabia. The city is home to Gulftainer’s major facilities, including the Jubail Container Terminal (JCT), which contributes significantly to economic activity in the region.