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

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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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