Mawani and MEDLOG sign an agreement to establish integrated logistics park
21 March 2024
The Saudi Ports Authority “Mawani” and “MEDLOG”, the logistics arm of the Mediterranean Shipping Co. “MSC”, signed an agreement to establish an integrated logistics park for storing and handling empty containers at Jeddah Islamic Port.
The investment value of the agreement is up to 175 million SAR, and will be constructed on an area of 100,000 square meters.
The agreement was signed in the presence of HE Mr. Omar Hariri, President of Mawani, and Mr. Hisham Al-Ansari, the CEO of MEDLOG Saudi Arabia.
The logistics park contributes to increasing the number of handled containers equivalent to two million TEUs over the next ten years, enhancing trade movement, ensuring supply chains in line with the targets of the National Transport and Logistics Strategy (NTLS), to solidify the Kingdom’s standing as a global logistics hub bridging the three continents.
The park includes a comprehensive service site for the maintenance and inspection of empty and full containers, providing 400 direct and indirect job opportunities to qualify the national workforce in the logistics services sector, as well as contributing to the preservation of port environment safety through the use of alternative energy to reduce carbon emissions.
The park aims also to link the western regions of the Kingdom to the southern regions; and to facilitate the export of goods from these regions to abroad across King Abdullah Port in Rabigh province. In addition to providing high-quality, comprehensive and integrated logistics services, facilitating the needs of beneficiaries, and meeting the requirements of the local market in terms of transporting and handling goods with high operational capabilities.
It is noteworthy that “Mawani” signed several agreements during 2023 to establish, inaugurate, and lay the cornerstone for nine logistics parks and centers in Jeddah Islamic Port, King Abdul Aziz Port in Dammam, and King Fahd Industrial Port in Yanbu, with an investment value exceeding six billion riyals, aiming to enhance the level of services provided to investors and beneficiaries and strengthen the investment and logistical standing of Saudi ports.
Related
-
TotalEnergies buys stake in AES’ renewables and divests Portugal assets
6 July 2025
-
Iraq to select global operator for Faw Port’s superstructure phase
6 July 2025
-
Gamuda to develop 600MW wind and solar with BESS in Tasmania
4 July 2025
-
Hidroelectrica awards EUR 9.5 mln floating photovoltaic system in Romania
3 July 2025
-
Consortium wins Egypt desalination plant EPC contract
3 July 2025
-
Mozambique Grants Zambia Land for Dry Port Project in Nacala
2 July 2025