Title: Hamdallah's Contributions to Damac: A Statistical Analysis

Introduction

The recent developments at the Port of Dammam, Saudi Arabia, have been both exciting and concerning for the city's residents. In recent months, the construction of the new port terminal has resulted in a significant increase in traffic, which has led to an increase in the number of vessels passing through the port. This influx of ships has had a significant impact on the local economy, leading to increased unemployment rates.

One of the key factors contributing to this increase is the number of assists that Hamdallah Group Company (HGC) provides to the ports of Dammam. Hamdallah owns several terminals in the country, including the Dammam International Terminal (DIT), the Suez Terminal, and the Suez Terminal in Ras El Khaimah. These terminals provide assistance services to various shipping companies, including the HGC, and they play a crucial role in facilitating trade and commerce within the country.

Statistical Analysis

To understand the impact of Hamdallah's assistance services on the local economy, it is important to examine the statistical data available for these terminals. According to the latest statistics released by the Ministry of Ports and Shipping, the Dammam International Terminal handled approximately 114,899 containers in 2021, representing an increase of over 16% from the previous year. Additionally, the Suez Terminal handled 54,702 containers in 2021, with an increase of over 24% compared to the previous year.

Furthermore, the Suez Terminal in Ras El Khaimah handled approximately 10,581 containers in 2021, representing a decrease of over 21% compared to the previous year. These figures suggest that the number of containers being transported through the ports of Dammam and Ras El Khaimah has increased significantly in comparison to the previous year.

Additionally, the Suez Terminal in Ras El Khaimah has also reported a significant increase in the number of containers being transported through its facilities. According to the report, the Suez Terminal in Ras El Khaimah handled approximately 4,740 containers in 2021, representing a growth rate of over 40% compared to the previous year.

Conclusion

In conclusion, the number of assists provided by the Hamdallah Group Company (HGC) to the ports of Dammam has played a significant role in increasing the number of containers being transported through the terminals. The increase in container traffic has led to increased employment opportunities, while also contributing to economic growth within the local community. However, it is essential to note that the impact of this assistance service cannot be ignored as it can lead to job losses if not managed properly.

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