Saudi Ports Authority (SPA) and MEDLOG have announced their collaboration to develop an integrated logistics park at King Abdulaziz Port. This strategic partnership aims to enhance the port's capabilities and provide comprehensive logistics solutions to meet the growing demand in the region. The integrated logistics park will serve as a hub for various logistics activities, including warehousing, distribution, and value-added services, further strengthening the port's position as a key maritime and logistics hub in the region. This initiative reflects the commitment of SPA and MEDLOG to drive economic growth and facilitate trade by offering efficient and seamless logistics solutions.
The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the world’s largest container line MSC, have signed an agreement to develop the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi Arabia.
Logistics Park Details
The logistics park, estimated to cost about $40 million, will be built over 100,000 sq metres and will offer a handling capacity of 300,000 teu with logistics solutions fort inland freight transportation between the Central and Eastern Regions and the rest of the Kingdom, Mawani said.
Objectives
Omar Hariri, President of Mawani, said that laying the cornerstone of the Logistics Park goes with the goals of the authoriy’s pivotal role in building a flourishing and sustainable maritime sector.
Strategic Location
The project follows the goals of the National Transport and Logistics Strategy (NTLS) to position Saudi Arabia as a global logistics hub connecting three major continents.
Located near Jubail Industrial City and the Eastern Region, the logistics facility will offer competitive and cost-efficient services to the local market.
Recent Development
More recently, Mawani signed a lease contract for the Saudi Sales Company to establish a 54,000 square metres-logistics zone at Jeddah Islamic Port.
Summary
The collaboration between Mawani and MEDLOG signifies a significant stride towards enhancing Saudi Arabia’s logistical infrastructure and underlines the commitment to fostering a robust and efficient logistics ecosystem within the region. This ambitious endeavor is poised to contribute to the country's economic growth and its emergence as a pivotal player in global trade and logistics.
As the development progresses, it is anticipated that the integrated logistics park at King Abdulaziz Port will not only elevate the efficiency of freight movement within Saudi Arabia but also bolster its position as a key player in the global logistics network.
(This article is sourced from seatrade-maritime.com curated by Thetransporteronline24)
