Skip to content Skip to Search
Skip navigation

Mawani to set up $47m logistics park in Jeddah

By Pramod Kumar
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

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]