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Saudi Ports Authority (Mawani) is set to get two logistics center projects at a combined investment ticket of more than SAR 229 mn, after signing two agreements with the developers yesterday. Arabian Agricultural Services Company (Arasco) will develop a storage and distribution center in Dammam’s King Abdulaziz Port on the Arabian Gulf, while Q Saudi Trading Company will develop an integrated logistics center in Yanbu on the Red Sea, according to statements (here and here).
#1- The Dammam project: Arasco will develop a 40k sqm facility at an investment ticket of SAR 200 mn. The facility is set to feature warehouses with a storage capacity of up to 100k metric tons, an integrated truck-loading zone, conveyor systems, and ship-unloading equipment. The new project is forecasted to generate over 3k direct and indirect jobs.
REMEMBER- Dammam is now a hotspot for logistics investments, with a long lineup of under-development and recently launched projects around King Abdulaziz Port. Earlier in November, Hizon secured a contract to develop a SAR 30 mn logistics zone, and furnishing firm Abyat launched a new 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.
About Arasco: The Riyadh-based firm is a leading food supply and food security company, with some 3k employees, according to its website. At present, Arasco has business segments and factories in Riyadh, Kharj, and Dammam, and is one of the largest producers of animal feed in the region.
#2- Over in Yanbu Commercial Port, Q Saudi Trading Company will develop an integrated logistics center valued at over SAR 29 mn. The facility will span some 120.5k sqm and will feature cargo and storage redistribution facilities that will bolster capacity at the port to meet the growing demand from national and international shipping firms.
About Q Saudi Trading Company: Launched in 2019, the homegrown firm offers a plethora of logistics services, including overseeing port operations, stevedoring, customs clearance, and warehousing across the Kingdom, according to its website. The company handled some 2.5 mn tons of goods in 2024.
