The Saudi Ports Authority (Mawani) and global freight major Maersk have announced the ground breaking of the company's biggest comprehensive logistics zone in the Middle East at the Jeddah Islamic port.
The logistics park, which will come up on a 225,000 sq m area, is being built at a total investment of SR1.3 billion ($346 million), said Mawani in its statement reports www.zawya.com
The facility offers several logistics solutions that connect and facilitate the movement of supply chains, and deal with annual volumes of up to 200,000 containers of different products, it stated.
Mawani and Maersk had signed the agreement for the project at the end of 2021. Work on the project is expected to be completed in the first quarter of 2024, said Mawani in its statement.
The comprehensive logistics zone at the Islamic port of Jeddah will support the growth of the logistics industry, contribute significantly to the economy and increase the volume of the Kingdom's non-oil export share by 50%, creating growing career opportunities in the logistics sector, it added.
TradeArabia News Service