Folk Maritime Purchases First Vessel M/V Folk Jeddah to Enhance Regional Maritime Connectivity

Folk Maritime Services Company, a Public Investment Fund (PIF) company, announced the official purchase of its first owned vessel, M/V Folk Jeddah. The vessel will be registered at Jeddah Islamic Port and is intended to strengthen regional maritime connectivity. The acquisition of its first modern Saudi-flagged container vessel by Folk Maritime marks a transformative step in Saudi Arabia's maritime capabilities, contributing to enhanced regional trade and underlining the Kingdom's ambition to become a global logistics hub. Built in 2023, Folk Jeddah features a modern design along with advanced sustainability and energy-efficiency features, highlighting the company's commitment to building its fleet to the highest standards. The vessel will further enhance connectivity, strengthen the regional supply chain, create jobs, and support businesses. The 1,868 TEU container ship will enter service shortly at Jeddah Islamic Port. Source: Saudi Press Agency