Mawani to develop USE266 mn logistics park in Dammam
Kingdom of Saudi Arabia’s Mawani and Saudi Arabia Ports is likely to develop a fully integrated logistics park at King Abdulaziz Port in Dammam, with an investment nearing US$266 million (SAR1 billion). HE Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services and Chairman of the Board of Directors of the Saudi Ports Authority said the Authority, Mawani, and Saudi Global Ports, a JV between the Saudi Public Investment Fund (PIF), Singapore’s PSA International Company, and Al Balagaa Group, inked an agreement to develop a fully integrated logistics park, spanning over one million square meters at King Abdulaziz Port in Dammam, with a massive investment. He underscored that the agreement falls under both local and international private sector investments.