DP World announced a partnership with Saudi Ports Authority to establish Jeddah Logistics Park

Dubai: In a move that highlights the deep bonds and strengthening ties between the UAE and Saudi Arabia and underscores Dubai’s keenness to share its expertise and experience to boost regional development, DP World and the Saudi Ports Authority (Mawani) signed a 30-year agreement to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port.

The agreement, with an investment value of more than AED490 million ($133.4 million), aims to establish a 415,000 square-metre logistics park with an in-land container depot capacity of 250,000 TEUs (Twenty-foot Equivalent Units) and a warehousing storage space of 100,000 square metres. Future expansions could increase the storage space to 200,000 square metres.

The agreement was signed under the patronage of Eng. Saleh bin Nasser Al-Jasser, Saudi Arabia’s Minister of Transport and Logistic Services and Chairman of Mawani.

The signing ceremony was attended by Omar Bin Talal Hariri, President of Mawani; Sheikh Nahyan bin Saif Al Nahyan, UAE Ambassador to the Kingdom of Saudi Arabia; Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World; Mohammad Alshaikh, CEO DP World Saudi Arabia; and a delegation of senior Saudi government officials as well as representatives from DP World’s leadership team.

The purpose-built logistics park will expand DP World’s regional footprint and bring pioneering multi-modal logistics solutions to the Kingdom of Saudi Arabia.

The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers and exporters. It will provide an integrated service platform that links port operations with last-mile activities. It will also offer processing, labelling, fulfilment, consolidation, de-consolidation, and temperature-controlled storage for cargo.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are proud and honoured to contribute effectively towards the achievement of Saudi Vision 2030. The strategic Vision 2030 framework includes the development of a prosperous and sustainable maritime transportation ecosystem that supports the Kingdom’s socio-economic ambitions and consolidates its status as a global logistics hub. On this occasion, we reiterate our commitment to investing in the modernisation of this facility by providing the highest standards of logistics services and technology-enabled trade solutions. We are confident that today’s milestone will contribute to increasing efficiency and productivity levels and creating new jobs.”

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