Saudi Ports Authority (Mawani) has signed a contract with Globe Group, Saudi Arabia’s marine services provider, to develop a 135,000 m2 integrated logistics park and re-export zone at Jeddah Islamic Port.
The two parties aim to boost the competitive edge of the country’s trade gateway and enable the national logistics industry.
This partnership is part of Mawani’s initiatives to set up world-class logistics facilities within and outside port areas, in a bid to position Saudi Aabia as a global logistics hub that links three major continents.
Mawani said it is keen on advancing the private sector’s contribution to the economic development, bolstering diversification, and enhancing Saudisation at Jeddah Islamic Port in specific and the logistics sector in general.
To secure its place among the top 10 ports of the world, Jeddah Islamic Port is currently undergoing a wave of extensive transformation to upgrade its operations and capacity through development projects and concessions in collaboration with strategic partners aimed at improving the operational efficiency of container terminals, as well as deepening approach channels, turning basins, and waterways in addition to constructing new berths with deeper drafts to accommodate giant vessels.
Recently, Mawani has signed deals with a total exceeding SAR2 billion (US$500 million) with local and global logistics giants, including Maersk, Bahri, CMA CGM, LogiPoint, and DP World, to build five logistics parks at Jeddah Islamic Port to boost its competitive and logistical standing.
