Home breadcru News breadcru Logistics breadcru Saudi's Mawani & Jeddah Chamber sign $266 mn logistics park deal

Saudi's Mawani & Jeddah Chamber sign $266 mn logistics park deal

28 Feb '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Saudi Arabia's Mawani, the Saudi Ports Authority, and Jeddah Chamber of Commerce have signed an agreement to build a one-billion-riyal (approximately $266 million) logistics park at Al Khumrah in the south of Jeddah. This move is expected to strengthen Jeddah Islamic Port's position as a major maritime hub by delivering top-tier services and increasing throughput capacity.

The park, which will have a span of over 3 square kilometres, will be designed for optimum asset utilisation and will create over 10,000 direct and indirect job opportunities in the logistics sector, Mawani said in a press release.

The logistics development will further bolster Mawani’s role as a key player in the national transportation ecosystem and boost its drive to position the Kingdom of Saudi Arabia as a global logistics destination in line with the ambitions of the National Transport and Logistics Strategy (NTLS), alongside realising the outcomes of the National Industrial Development and Logistics Program (NIDLP) that aim to transform Al Khumrah into a world-leading platform for logistics and supply chain activities.

The logistics park will comprise of three zones that will include shared warehouses, medium-sized storage yards and single warehouses, and large storage yards and on-demand warehouses. The various zones will fulfil importers’ and exporters’ requirements of stocking multipurpose cargo, while maintaining the highest standards of safety and efficiency in addition to housing dedicated areas for administrative, commercial, and residential use as well as a one-stop services centre.

The park will offer move-in-ready warehouses, storage yards, re-export zones, custom storage, logistics amenities, commercial units, residential units, and staff accommodation in addition to state-of-the-art infrastructure like roads and green spaces as well as a host of other essential services.

ALCHEMPro News Desk (DP)

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