Mawani & SGP ink agreement for integrated logistics park
The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build A Fully Logistics Park spanning over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing one billion Saudi Riyals. The agreement was signed in the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, H.E. Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser, and the Minister of Manpower and Second Minister for Trade and Industry Dr. Tan See Leng. His Excellency, Eng. Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistics Services and Chairman of the Board of Directors of the Saudi Ports Authority, has stated that this recent agreement falls under both local and international private sector investments. 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 is expected to strengthen the role of the logistics sector in supporting the national economy and reinforce the Kingdom’s position as a global logistics hub connecting three continents. This aligns with the National Strategy for Transport and Logistics Services and Vision 2030.