Saudi Ports Authority to develop new PCS
Saudi Ports Authority (Mawani) has signed a Memorandum of Understanding (MoU) with The Saudi Electronic Information Exchange Company (Tabadul) for a new Port Community System (PCS) to shape the future of trade, increase competitiveness and achieve sustainable growth in Saudi ports.
The MoU aims to expand the portfolio of services at Saudi ports from 46 to 150, besides leveraging emerging and modern technologies as per global best practices, including geospatial technologies and Internet of Things (IoT), as well as offering swift, secure and advanced invoice and payment services to clients using the latest Fintech solutions.
The agreement will involve restructuring the processes and operations at Saudi ports according to global standards along with boosting connectivity with global ports, as well as implementing smart gates and emerging technologies in the Port Community System.
This partnership is an outcome of the Smart Ports initiative that was introduced by Mawani to implement emerging technologies and drive digital transformation in the logistics sector in line with the objectives of the National Transport and Logistics Strategy (NTLS) to strengthen the Kingdom’s position as a global logistics hub linking three major continents, said a release.