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Asharq Al-Awsat
Asharq Al-Awsat
World
Jeddah - Saeed al-Abyad

Int’l Companies Race over Investment, Partnership Deals for Saudi Ports

Saudi Ports Authority Asharq AlAwsat DP World Kingdom Saudi Arabia
DP World and the Saudi Ports Authority (Mawani) announced the signing of a 30-year agreement with an investment value of more than SAR 500 million ($133.33 million) to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port, (Asharq Al-Awsat)

The Saudi Minister of Transport and Logistic Services and Chairman of the Board of Saudi Ports Authority Saleh Al-Jasser revealed that work is underway on several partnerships with the private sector to operate stations and marine services in Saudi ports.

Al-Jasser added that international transport line and container operators are racing to invest in Saudi Arabia’s logistics field.

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