DP Global and Saudi Ports Authority (Mawani) have commenced building of a brandnew SAR900 million ($250 million) logistics soil at Jeddah Islamic Port, all set to handover circumstance of the artwork store and distribution amenities, in addition to spice up offer the Kingdom of Saudi Arabia and the broader area.
The 415,000 sq m greenfield facility will detail 185,000 sq m of warehousing territory and a sprawling multi-purpose store backyard, making it the most important built-in logistics soil within the Kingdom. It is going to have the capability for greater than 390,000 pallet positions, providing shoppers an effective platform for the seamless current of products to and from Jeddah.
Established in 2022 as a part of a 30-year concession, Jeddah Logistics Ground might be advanced in two stages with a deliberate opening in Q2 2025. The ability may have a rooftop sun plant at the cupboard that may generate 20MW of renewable power, contributing to its sustainable design.
The collaboration between Mawani and DP Global additionally contains the control of South Container Terminal thru a independent 30-year concession signed in 2020. The terminal is recently within the ultimate segment of a complete modernisation undertaking, scheduled for of entirety in This fall 2024, which can see the dealing with capability being ramped as much as 5 million twenty-foot identical gadgets (TEUs).
Altogether, the 2 DP Global initiatives constitute a mixed funding of related to 4 billion SAR ($1 billion).
Talking on the match, His Excellency Sultan Ahmed bin Sulayem, Chairman and CEO of DP Global, mentioned: “Saudi Arabia has always been a deeply important market for DP World and this milestone represents our ongoing commitment to the Kingdom. Jeddah Logistics Park, strategically located on the vital Asia-Europe shipping route, will provide world-class multimodal connectivity and market access for our customers while supporting the ambitious aims of Saudi Vision 2030. This investment marks a significant step as we mark 25 years of operations in Jeddah and underscores our enduring commitment to facilitating the flow of trade.”
President of Saudi Ports Authority (Mawani), Omar Bin Talal Hariri, mentioned “this new logistics area will be connected to DP World’s South Container Terminal at Jeddah Islamic Port, facilitating growth and increasing the number of containers handled at the terminal. The project is part of Mawani’s broader efforts to expand the number of logistics centres in Saudi ports, in partnership with major national and international companies, and in line with the objectives of the National Transport and Logistics Strategy and Vision 2030.”
Mohammad Alshaikh, DP Global Nation Head, KSA, delivered main points at the complete undertaking to attendees on the groundbreaking together with the UAE Consul Basic to Jeddah, His Excellency Nasser Huwaiden Thaiban Ali AlKetbi, and senior Saudi govt representatives and individuals of DP Global’s management crew.
Aligning intently with Saudi Perceptible 2030, Jeddah Logistics Ground represents a big building for DP Global at Jeddah Islamic Port. This state of the art facility will optimise the logistics processes for each importers and exporters, offering an built-in platform for business and logistics. Consumers will be capable to take pleasure in environment friendly services and products that hyperlink port operations to last-mile actions, in addition to bonded and unbonded zones, world-class temperature-controlled store, import and export consolidation centres and alternative value-added services and products.
The groundbreaking follows at the heels of the hole of freight forwarding workplaces in Dammam, Jeddah and Riyadh, increasing the logistics footprint of DP Global and nutritious end-to-end provide chains within the Kingdom of Saudi Arabia and past.
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