DP World Jeddah Logistics Park at Jeddah Islamic Port Soon
DP World and the Saudi Ports Authority (Mawani) have announced the signing of a 30-year agreement to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port.
The agreement value exceeds SAR 500 million ($133 million).
About the Logistics Park:
The new facility will be the largest integrated logistics park in the Kingdom, with an area of 415,000 square meters.
It will include:
- A multi-purpose warehouse complex of 185,000 square meters
- 390,000 pallet positions
- A rooftop solar power plant capable of generating 20 megawatts of renewable energy
DP World Jeddah Logistics Park will be linked to DP World’s South Container Terminal at Jeddah Islamic Port.
Mentioning that it is currently undergoing a major upgrade that will increase its capacity to 5 million TEUs.
The project is expected to be completed in two phases, with the first phase opening in the second quarter of 2025.
Benefits:
- Reduced logistics costs for importers and exporters
- Improved trade flows in the Kingdom and the wider region
- Creation of new jobs
- Support for the goals of Saudi Vision 2030
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, commented:
“Our investment in Saudi Arabia is a significant step as we mark 25 years of operations in Jeddah.
IT reaffirms our enduring commitment to facilitating trade in the region and globally.
The Kingdom has always been a key market for us, and this milestone marks a pivotal phase in our unwavering commitment.
Strategically located on the vital shipping route between Asia and Europe.
The logistics park will provide multimodal global connectivity, facilitating access to our customers’ markets worldwide.
While supporting the ambitious goals of Saudi Vision 2030.”
The Council for Artificial Intelligence and Advanced Technology in Abu Dhabi and the Ministry of Economy, Finance, Industrial and Digital Sovereignty of the French Republic signed a memorandum of understanding in the field of artificial intelligence.
The memorandum comes within… pic.twitter.com/5yN9Bp3oDD
— UAE Voice (@uae_voiceeng) May 22, 2024
Additional information:
- The logistics park is part of DP World’s broader investment of over SAR 4 billion ($1 billion) in Saudi Arabia.
- DP World has been operating in Saudi Arabia for 25 years.
- The company has a network of over 77 terminals in 40 countries around the world.
DP World Jeddah Logistics Park is a major new development that will significantly enhance the logistics infrastructure of Jeddah Islamic Port and the Kingdom of Saudi Arabia.
