Mawani & Saudi Global Ports in Huge Logistics Park Plan
The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a Logistics Park spanning over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals.
The agreement was signed in the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, H.E. Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser, and the Minister of Manpower and Second Minister for Trade and Industry Dr. Tan See Leng .
His Excellency, Eng. Saleh bin Nasser Al-Jasser, the 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.
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 and reinforce the Kingdom's position as a global logistics hub connecting three continents. This aligns with the National Strategy for Transport and Logistics Services and Vision 2030.
His Excellency Al-Jasser emphasized 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.
They also highlight the vast and promising opportunities within this crucial sector, which plays a significant role in driving economic growth and achieving sustainable development.
The agreement was signed by H.E the President of the Saudi Ports Authority, Mr. Omar Hariri, and the CEO of the Saudi Global Ports Company, Edward Tah.
His Excellency Mr. Omar Hariri, the President of the Saudi Ports Authority, has affirmed that this new logistics park is part of the Mawani initiative to expand the number of logistics parks within Saudi ports to 12.
This expansion is expected to elevate the Kingdom's position in the global logistics services performance index from its current 38th place to the 10th. Furthermore, it will solidify its regional leadership in logistics.
The 'Saudi Global Ports Company' operates two container terminals at King Abdulaziz Port in Dammam, which is a joint venture between the 'Saudi Public Investment Fund', the Singaporean 'PSA International Company', and Al Balagaa Group'.
Importantly, 'Mawani' succeeded in attracting national and international investments and major logistics companies through signing several agreements to establish 11 logistics zones.