The Saudi Ports Authority (MAWANI) and MEDLOG, the logistics arm of the Mediterranean Shipping Company (MSC), have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port.
The investment value will exceed 100 million Riyals ($27 million).
The signing ceremony was attended by HE Eng. Saleh Al-Jasser, Minister of Transportation and Logistics Services, HE Dr. Rumaih Al-Rumaih, Vice Minister of Transport and Logistics Services and Acting President of the Transport General Authority, as well as HE Omar Hariri, MAWANI President, and Hisham Al Ansari, CEO of MSC and MEDLOG Saudi Arabia.
To be built over 100,000 square metres, the state-of-the-art logistics park will offer a handling capacity of 300,000 TEU alongside a suite of best-in-class logistics solutions which facilitate inland freight transportation between the Central and Eastern Regions and the rest of the Kingdom.
Thanks to its close proximity to Jubail Industrial City and major urban centres in the Eastern Region, the logistics facility is primely-located to deliver competitive and cost-efficient services to the local market.
Over of course of the last two years, MAWANI had struck significant partnerships worth over 2 billion Riyals ($530 million).