MAWANI inks $9 million deal for logistics centre at King Abdulaziz Port

MAWANI inks agreement for logistics centre at King Abdulaziz Port

The Saudi Ports Authority (MAWANI) has signed an investment agreement with United Electronics Company (eXtra) to establish a logistics centre at King Abdulaziz Port in Dammam.

The 10-year agreement is valued at SAR35 million ($9.3 million) and was signed by Omar Hariri, President of MAWANI, and Abduljabbar Mohamed Abduljabbar, Chairman of eXtra.

READ: MAWANI and MSC’s MEDLOG ink deal to build King Abdulaziz Port Logistics Park

The centre, which will occupy an area of 32,000 square meters, will feature port-centric warehouses and storage yards to handle a variety of multi-brand products and appliances.

King Abdulaziz Port in Dammam ended 2022 with the highest annual container figures on record, handling a total of 2,038,787 TEU.

The figure represents a 15 per cent growth compared to 1,780,348 TEU registered in 2021.

With the addition of the new logistics and distribution centre, the port’s capabilities are set to further expand, making it a key player in the global logistics industry.

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