The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of MSC, have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi Arabia with an investment value exceeding US$26,6 million.
The deal was inked in the presence of Eng. Saleh Al-Jasser, minister of transportation and logistics services, while the signing ceremony was also attended by Dr. Rumaih Al-Rumaih, vice minister of transport and logistics services and acting president of the Transport General Authority, as well as Omar Hariri, Mawani president, and Hisham Al Ansari, CEO of MSC and MEDLOG Saudi Arabia.
According to MAWANI, the latest deal runs parallel with the goals of the National Transport and Logistics Strategy (NTLS) to position Saudi Arabia as a global logistics hub connecting three major continents.
To be built over 100,000m², the new logistics park will offer a handling capacity of 300,000 TEUs alongside a variety of logistics solutions which are expected to facilitate inland freight transportation between the Central and Eastern Regions and the rest of the country.
Moreover, thanks to its close proximity to Jubail Industrial City and major urban centers in the Eastern Region, the logistics facility is primely-located to deliver competitive and cost-efficient services to the local market, according to a statement.