Doha, September 25 (QNA) - Hamad Port, Qatar's main gateway to global trade, has achieved a new milestone by being ranked first in the Gulf region for the first time and 11th globally in the Container Port Performance Index 2024 (CPPI), issued by the World Bank and S&P Global Market Intelligence.

In a post on X today, Mwani Qatar stated: "This distinguished ranking serves as global recognition of Hamad Port's exceptional operational efficiency and high performance, reinforcing Qatar's standing as a key regional hub for trade and logistics. It also highlights the port's critical role in driving the nation's economic growth, positioning it as a strategic link in global supply chains and a trusted transshipment hub in the region.

"The index bases its assessments on a wide range of data, with a primary focus on the time vessels require to complete loading and unloading operations, an essential measure of operational efficiency and a key factor in evaluating the resilience and reliability of global trade. Hamad Port's strong performance reflects the advanced infrastructure, modern technologies, and premium services it provides.

"The 2024 edition of the index evaluated 403 container ports worldwide. It reported an overall decline in global port performance between 2020 and 2024 due to the Red Sea Crisis, challenges at the Panama Canal, and pandemic-related shocks. The report also highlighted uneven efficiency gains across regions and income groups." (QNA)