The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a fully logistics park spanning over 1 million m² at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals (US$266 million).
Eng. Saleh bin Nasser Al-Jasser, Saudi Arabia’s Minister of Transport and Logistics Services and chairman of the board of directors of the Saudi Ports Authority, has stated that this recent agreement falls under both local and international private sector investments.
In particular, the objective of these investments is to establish multiple high-performance logistics zones that will enhance the efficiency of the logistics sector, improve service quality, increase handling numbers, and generate additional job opportunities.
This initiative is expected to strengthen the role of the logistics sector in supporting the national economy. This aligns with the National Strategy for Transport and Logistics Services and Vision 2030.
Al-Jasser also emphasised that the contracts signed with the private sector over the past two years to develop and expand investments in logistics areas illustrate the attractiveness of Saudi ports and the Saudi logistics sector.
Additionally, the park is designed to offer comprehensive logistics services and innovative solutions, with a strong focus on sustainable practices and systems. It includes warehouses and yards equipped to store and handle all types of dry and refrigerated goods.
