Skip to content Skip to Search
Skip navigation

Mawani to set up $47m logistics park in Jeddah

Water, Construction Crane, Waterfront SPA
The logistics park will include a service area for the maintenance and inspection of both empty and full containers

Saudi Ports Authority, known as Mawani, and Swiss-headquartered Mediterranean Shipping Company, will set up a new integrated logistics park at Jeddah Islamic Port.

The park, which will store and handle empty containers, will cost SAR175 million ($46.66 million), state-run SPA news agency reported, quoting a company statement.

Medlog, the logistics arm of the Swiss shipping major, will be involved in the 100,000 sq m facility. 

The logistics park will bolster container handling, allow trade movement and ensure supply chains match with the targets of the national transport and logistics strategy.

Furthermore, the project will include a service area for the maintenance and inspection of both empty and full containers, creating 400 direct and indirect employment opportunities for Saudis, according to the statement.

The park will strengthen connectivity between the western and southern regions, facilitating the export of goods through King Abdullah Port in Rabigh province.

Last month Mawani completed a SAR1 billion expansion of Jeddah Islamic Port as tensions in the Red Sea continue. 

Latest articles

Aramco pipelines

BlackRock-led investors to refinance Aramco Pipelines stake

Investors in Saudi Aramco’s gas pipeline network, led by BlackRock, the world’s largest asset manager, are planning to issue $3 billion in bonds to refinance a loan that backed their purchase of a stake in the network.   The consortium of investors took a $13.4 billion bridge loan in 2021 to acquire a 49 percent stake […]

Amanat's listing represents the third education IPO in the UAE over the past two years

Amanat to list its education platform

Amanat Holding, an investment company in Dubai, has announced plans to list its education platform. The move will be the third education-related initial public offering in the UAE in the last two years, following the listing of Dubai’s Taaleem in 2022 and Abu Dhabi’s Alef Education earlier this year. Amanat, which specialises in healthcare and […]

Mazaya Holding Oman fraud

Al Mazaya reports legal proceedings after alleged fraud

The Omani subsidiary of Al Mazaya Holding has uncovered alleged fraudulent activity by employees of the company, estimated at OR242,000 ($628,000). A criminal complaint has been filed by the Kuwait-based real estate development giant against “some of the company’s employees” regarding collections of the sale and rent of some units, according to filings on Boursa […]