Riyadh, Saudi Arabia — The cornerstone was laid for an integrated SAR150 million ($39.99 million) Logistics Park at Dammam’s King Abdulaziz Port by the Saudi Ports Authority (Mawani) and MELDOG, the logistics arm of the Mediterranean Shipping Company.
The area of the new park is 100,000 sq. meters, with capacity of 300,000 TEUs annually. It aims to facilitate the growth of shipping connectivity, and global logistics services, and to raise the quality and efficiency of the services delivered to local and international customers across the Kingdom.
The new logistics park contributes to enhancing the competitive advantage of Dammam’s King Abdulaziz Port and MEDLOG, by providing quality logistics services that increase the private sector’s contribution to supporting the wheel of economic development and increasing economic diversification, Mawani said.
The President of Mawani, Omar Hariri, said that laying the cornerstone of the Logistics Park goes with the goals of Mawani’s pivotal role in building a flourishing and sustainable maritime sector enables the nation’s ambition towards socioeconomic prosperity while fulfilling Mawani strategic indicators, such as expanding the number of logistics parks to 30 including re-export centers as well as increasing the private sector’s contribution to supporting the wheel of economic development.
This is in line with the goals of the National Transport and Logistics Strategy (NTLS) to position the Kingdom of Saudi Arabia as a global logistics hub connecting three major continents.
Due to its location which gives it a great competitive advantage, and its close proximity to Jubail Industrial City and major urban centers in the Eastern Region, the new logistics park is enabled to enhance its logistics operations, to provide high-quality, comprehensive and integrated logistics services.
It is also expected to enhance its ability to facilitate transportation operations between the Eastern and Central regions, and all regions of the Kingdom, in addition to meeting the requirements of the local market, in terms of transporting goods, handling them, with high operational capabilities.