Jeddah Islamic Port listed on LME

The Saudi Ports Authority (Mawani) has announced that the Jeddah Islamic Port will be listed on the London Metal Exchange (LME) through its strategic partner LogiPoint, a subsidiary of Saudi Industrial Services Co (SISCO).

This listing marks the port as a new delivery hub for copper and zinc, bolstering the Kingdom’s status as a key global logistics platform and enhancing its appeal to international investors.

The move positions Jeddah Islamic Port as a significant global distribution centre, improving market liquidity and offering new delivery options for materials. As one of the largest metals trading exchanges, the LME plays a crucial role in global trade, with most non-ferrous metal futures traded on its platforms.

Attribution: Official Saudi Press Agency (SPA)