Medlog is planting a second flag in Jeddah: Medlog — the cargo subsidiary of Mediterranean Shipping Company (MSC) — has inked an investment agreement with the Saudi industrial regulator Modon to build an integrated logistics zone within Jeddah’s Third Industrial City, with an initial investment of SAR 137 mn.
The details: The project — which will span facilities over 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
Medlogis building up capacity on both ends of the increasingly busy Jeddah-Dammam corridor, following the launch of Medlog 1, a 100k sqm integrated zone at King Abdulaziz Port in Dammam with rail, road, and port connectivity integrated into its infrastructure. On the other end in Jeddah, Medlog is eyeing two locations — inside the industrial city and at the port, indicating that the firm is also bridging the manufacturing floor and shipping lanes.
Not Medlog’s first Western Saudi build: The logistics operator signed a separate SAR175 mn agreement nearly two years ago with the Saudi Ports Authority (Mawani) for an integrated logistics park at Jeddah Islamic Port — also sized at 100k sqm.