Jeddah Islamic Port to host the $175M logistics investment
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 park, which will have an investment value of up to 175 million SAR and an area of 100,000 square meters, will be located in the presence of HE Omar Hariri, the President of Mawani, and 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, and ensuring supply chains are in line with the targets of the National Transport and Logistics Strategy (NTLS). This will 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. It provides 400 direct and indirect job opportunities to qualify the national workforce in the services sector and contributes to the preservation of port environment safety through the use of alternative energy to reduce carbon emissions.
The park also aims to link the western regions of the Kingdom to the southern region and facilitate the export of goods from these regions abroad across King Abdullah Port in Rabigh province. It will also provide high-quality, comprehensive and integrated services, reduce beneficiaries’ needs, and meet 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 centres 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.
