"Mawani" signs 7 investment agreements worth nearly a billion riyals at Jeddah Islamic Port
The Saudi Ports Authority (Mawani) signed seven investment agreements with national and international companies, totaling approximately SAR 1 billion, during the inauguration ceremony of the Truck Staging Area at Jeddah Islamic Port, as part of its efforts to develop logistics infrastructure and enhance the Kingdom's position as a global logistics hub.
The agreements included signing a contract with Masdar to establish an integrated logistics center that supports handling, storage, and distribution operations, as well as an agreement with Al-Gharb Group to build a logistics center dedicated to supporting commercial activities and maritime services.
Mawani also signed an agreement with Al-Shatri Store to establish an integrated logistics center serving import, export, and logistics services, in addition to an agreement with Jadir to create an integrated logistics center providing storage services.
https://x.com/MawaniKSA/status/2077794933797204176
As part of expanding existing investments, the authority signed an agreement with global company Maersk to expand its logistics center at the port, contributing to enhanced operational capabilities and improved efficiency of logistics services.
The agreements also included signing two contracts with JD, the first to establish an integrated logistics center supporting digital logistics and re-export services in the Al-Khumra area, and the second to build a logistics center specializing in handling, storage, and distribution operations.
These agreements come as part of Mawani's efforts to expand logistics investments, enhance the efficiency of Saudi ports, and support the Kingdom's goals of solidifying its status as a global logistics hub.
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Original source: Ajel.sa
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