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
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
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.
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
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.
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.
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.”