Medlog is planting a second flag in Jeddah: Medlog — the cargo subsidiary of Italy’s Mediterranean Shipping Company (MSC) — inked an investment agreement with the Saudi industrial regulator Modon to build an integrated logistics zone inside Jeddah’s Third Industrial City with an initial SAR 137 mn investment.
The details: The project — covering 100k sqm — will include container yards and warehouses, as well as integrated logistics solutions, including storage, distribution, handling, and customs clearance bundled on site. Once completed, the project is expected to handle nearly 60k TEUs a year by 2038.
Why it matters
Medlog is building capacity in two places in Jeddah — inside the industrial city and at the port. The Third Industrial City stands some 62km away from Jeddah Islamic Port, indicating that the firm is bridging its manufacturing floor and shipping lanes.
Not Medlog’s first western Saudi build: The logistics operator signed a separate SAR 175 mn agreement nearly two years ago with Mawani for an integrated logistics park at Jeddah Islamic Port, also sized 100k sqm.