The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a Logistics Park spanning over 1 million m² at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals.
The objective of these investments is to establish multiple high-performance logistics zones that will enhance the efficiency of the logistics sector, improve service quality, increase handling numbers, and generate additional job opportunities.
This initiative aims to strengthen the role of the logistics sector in supporting the national economy and reinforce the Saudi Arabia’s position as a global logistics hub connecting three continents. This aligns with the National Strategy for Transport and Logistics Services and Vision 2030.
This expansion is expected to elevate the Saudi Arabia position in the global logistics services performance index from its current 38th place to the 10th. Furthermore, it will solidify its regional leadership in logistics.
The ‘Saudi Global Ports Company’ operates two container terminals at King Abdulaziz Port in Dammam, which is a joint venture between the ‘Saudi Public Investment Fund’, the Singaporean ‘PSA International Company’, and Al Balagaa Group’.
Author: Cyann Fielding, AntwerpXL
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