The Kingdom is set to get two new logistics centers at a combined investment ticket of over SAR 229 mn, after the Saudi Ports Authority (Mawani) signed two agreements with the developers yesterday, according to posts on X.

#1- The Dammam project: Arasco will develop a 40k sqm center valued at SAR 200 mn. The facility will feature warehouses with a storage capacity of up to 100k tons, an integrated truck-loading zone, conveyor systems, and ship-unloading equipment. The project is forecast to generate over 3k direct and indirect jobs.

REMEMBER- Dammam is now a hotspot for logistics investments, with a long line-up of in-development and recently-launched projects around King Abdulaziz Port. Back in November, Hizon secured a contract to develop a SAR 30 mn logistics zone, and furnishing firm Abyat launched a SAR 100 mn logistics center at the port. Mawani and Saudi Global Ports also inaugurated a SAR 1.3 bn logistics park in the same month.

#2- The Yanbu project: Q Saudi Trading Company will develop a 120.5k sqm center valued at over SAR 29 mn. The center will feature cargo and storage redistribution facilities, aiming to bolster capacity at the port to meet the growing demand from national and international shipping firms.

Tags: