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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
 Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated logistics park at Al Khumrah in the south of Jeddah at a cost of one billion riyals.
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 in line with the ambitions of the National Transport and Logistics Strategy (NTLS), alongside realizing 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.
Designed for optimum asset utilization, the park is set to create over 10,000 direct and indirect job opportunities in the logistics sector while strengthening Jeddah Islamic Port’s pivotal position as a major maritime hub delivering top-tier services and increased throughput capacity.
Spread over 3 sq. km., the logistics park comprises of three zones that include shared warehouses, medium-sized storage yards and single warehouses, and large storage yards and on-demand warehouses. The various zones fulfil importers’ and exporters’ requirements of stocking multipurpose cargo, chilled and frozen goods, food commodities, and fragile goods while maintaining the highest standards of safety and efficiency in addition to housing dedicated areas for administrative, commercial, and residential use as well as a one-stop services center.
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.
About the Saudi Ports Authority (Mawani)
Saudi Ports Authority (Mawani) was established in 1976 to oversee the operations of the Saudi ports. Since its inception, Mawani has been keen on transforming the Saudi ports into investment platforms and facilitating the Kingdom’s trade with the rest of the world. The Authority seeks to achieve an effective regulatory and commercial environment supported by an operating model that enables growth and innovation in the Kingdom's maritime industry. It also envisions developing a sustainable and prosperous ports sector to consolidate the Kingdom's position as a leading global logistics hub. Mawani strives to realize Saudi Arabia’s economic and social ambitions by ensuring reliable and efficient logistics operations, as well as creating a safe and sustainable maritime environment. Developing the Kingdom’s industrial capabilities to fulfill the objectives of the National Transport Strategy in line with Saudi Vision 2030, has and will always be one of Mawani’s main objectives, thus contributing to making Saudi Arabia a pioneer in the ports sector.
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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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