Mawani signs agreement to setup $266mn integrated logistics park in Al Khumrah
Facility will be built across three zones that will cater to the requirements of importers and exporters
The Saudi Ports Authority (Mawani) has signed an agreement with Jeddah Chamber of Commerce and Industry to set up an integrated logistics park at Al Khumrah in the south of Jeddah, at a total cost of US $266mn.
In a statement, Mawani said that the key facility comprises of three zones that include shared warehouses, medium-sized storage yards, and single warehouses, as well as large storage yards and on-demand warehouses.
In addition, the logistics park will have dedicated administrative, commercial, and residential use areas, as well as a one-stop services centre. Mawani added that the various zones will fulfill the needs and requirements of importers and exporters with regards to multipurpose cargo, chilled and frozen goods, food commodities, and fragile goods. The highest standards of safety and efficiency will be maintained, it continued.
“The park offers move-in-ready warehouses, storage yards, re-export zones, custom storage, logistics amenities, commercial units, residential units, and staff accommodation in addition to state-of-the-art infrastructure like roads and green spaces as well as a host of other essential services,” a company spokesman said.
In late December 2022, it was announced that an integrated Metal Park will be developed at Khalifa Economic Zones Abu Dhabi and, AD Ports Group signed an offshore logistics deal with the Kazakh National Oil Company subsidiary.
He added that the logistics development will further bolster Mawani’s role as a key player in the national transportation ecosystem and boost its drive to position the kingdom as a global logistics destination.
“This in line with the ambitions of the National Transport and Logistics Strategy (NTLS), alongside realising the outcomes of the National Industrial Development and Logistics Program (NIDLP) that aim to transform Al Khumrah into a world-leading platform for logistics and supply chain activities,” he stated, adding that it has been designed for optimum asset utilisation.
The park is predicted create over 10,000 direct and indirect job opportunities in the logistics sector, and will strengthen Jeddah Islamic Port’s position as a major maritime hub that delivers top-tier services and increased throughput capacity, the statement concluded.
In mid February 2023, Mawani and Maersk broke ground on a $346mn logistics park.
