Saudi Press

Saudi Arabia and the world
Friday, Feb 03, 2023

Saudi maritime industry chiefs ink deal to open 1st integrated logistics park at King Abdulaziz Port

Saudi maritime industry chiefs ink deal to open 1st integrated logistics park at King Abdulaziz Port

The Saudi Ports Authority (Mawani) and Medlog, the logistics arm of the Mediterranean Shipping Co., have signed an agreement to build the first integrated logistics park and a re-export zone at King Abdulaziz Port in Dammam, the Saudi Press Agency reported.
The deal, worth more than SR100 million ($27 million), will help achieve Mawani’s goals of increasing the number of national re-export logistics centers to 30 and raising the Kingdom’s logistics performance index ranking to 4.01 by 2030.

The development will cover 100,000 square meters and will have the capacity to handle 300,000 containers a year, streamlining transportation throughout the country.

The SPA said its location near Jubail Industrial City and other major centers in eastern Saudi Arabia would give the port a competitive advantage, improving its logistical operations.

The agreement was signed in the presence of Saudi Minister of Transport Saleh bin Nasser Al-Jasser, his deputy Dr. Rumaih Al-Rumaih, Mawani President Omar bin Talal Hariri, and Meldog’s Chief Executive Officer Hisham Al-Ansari.

Over the past two years, Mawani, the primary developer of the Kingdom’s maritime transport sector, has struck strategic agreements with local and international partners to establish six integrated logistics parks with more than SR2 billion in investments, creating at least 6,000 direct and indirect job opportunities in the first phase.

Related Articles

Saudi Press
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Shell reports highest profits in 115 years
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Saudi FM discusses Kingdom’s economy, oil, Iran and US ties in Davos
Israelis rally in three cities against Netanyahu legal reforms
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Saudi Arabia plans to use domestic uranium for nuclear fuel
Mohammed Bin Salman chosen most influential Arab leader of 2022
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
United Arab Emirates says it will teach Holocaust in schools
Saudi Arabia set to overtake India as fastest-growing major economy this year 
International medical experts speak out against COVID-19 restrictions on China
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Saudi Arabia’s female ambassadors: Who are the five women representing the Kingdom?
Almubarak named ‘The Best Central Bank Governor of the Year 2023 for the Middle East’
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified