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AMAD SHIPPING. Oil Expansions And Business Opportunity For Entry In Shipping. Maritime Saudi Arabia 2010 30 May - 1 June, Jeddah Hilton. PRESENTED BY. Hazza Bakr AL-Qahtani. Chairman and Founder of Amad Shipping Co. Ltd.
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AMAD SHIPPING Oil Expansions And Business Opportunity For Entry In Shipping Maritime Saudi Arabia 2010 30 May - 1 June, Jeddah Hilton PRESENTED BY Hazza Bakr AL-Qahtani Chairman and Founder of Amad Shipping Co. Ltd.
Saudi Arabia is the biggest exporter of oil and petrochemical in the world. • Saudi Arabia total tanker fleet dwt as of March 2010, is 12.5 million dwt. • Saudi Arabia total tanker fleet dwt as of March 2010, represents 3% of global fleet. • Source: Drewry
Investing In Shipping Financial Reasons: -Shipbuilding prices at their 15 years low -High capital growth -High future demand Strategic Reason: -Support the National Security -Maintain the competitiveness of exports -Support the GDP and the balance of trade
Recommendation -Create a financial Channel to finance the shipping sector like SIDF or add shipping finance to the mandate of the fund. -Increase and improve the shipping subsidies -Activate the government instruction to give preference to the national fleet.