INSEAD Day 4 - 728x90

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Saudi Ports Authority signs $266.6 million logistics agreements

  • The agreements were signed during the inauguration of the Truck Marshaling Project.
  • They include projects to develop integrated logistics, warehousing, storage, distribution and re-export facilities.

Dubai, UAE — Saudi Ports Authority (Mawani) signed seven agreements worth 1 billion riyals ($266.6 million) to establish logistics centres in Jeddah, supporting the Kingdom’s logistics sector and job creation.

The agreements were signed during the inauguration of the Truck Marshaling Project and include projects to develop integrated logistics, warehousing, storage, distribution and re-export facilities.

The deals include agreements with JD Co, Maersk, Jadeer Co, Masdar Co, Shatri Store Co and Al Gharb (West Group).

Mawani said the projects aim to enhance logistics services, increase economic value and strengthen commercial and maritime activities in line with Saudi Arabia’s logistics ambitions.