DP World, Mawani Sign 30-Yr Agreement To Build Logistics Park At Jeddah Islamic Port

2022-06-23 15:38:41 Indian Ports News

DP World and the Saudi Ports Authority (Mawani) announced  19 June the signing of a 30-year agreement with an investment value of more than SAR 500 million ($133.33 million) to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port.

The agreement aims to establish a logistics park which spans over 415,000 square metres, with an in-land container depot capacity of approximately 250,000 TEU and warehousing storage space of 100,000 square metres. Future expansions could increase the storage space to 200,000 square metres.

The agreement was signed under the Patronage of the Saudi Minister of Transport and Logistic Services and Chairman of the Board of Saudi Ports Authority, His Excellency Eng. Saleh bin Nasser Al-Jasser. 

The signing ceremony was attended by His Excellency Omar Bin Talal Hariri, President of Mawani, His Excellency Sheikh Nahyan bin Saif Al Nahyan, UAE Ambassador to the Kingdom of Saudi Arabia, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Mohammad Alshaikh, CEO DP World Saudi Arabia, and a delegation of senior Saudi government officials as well as representatives from DP World’s leadership team.

The facility will bolster DP World’s footprint in the region

The 415,000 square metre purpose-built facility will bolster DP World’s footprint in the region and will bring pioneering multi-modal logistics solutions to the Kingdom of Saudi Arabia.

The port-centric Logistics Park will provide an integrated platform of services that link port-operations with last-mile activities, providing temperature-controlled storage for cargo, in addition to its processing, labelling, fulfilment, consolidation and de-consolidation.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, commented: “. We are confident that today’s milestone will contribute to increasing efficiency and productivity levels and creating new jobs.”

Other Indian Ports News