Mawani + SAL partner up to boost sea and air connectivity: Saudi Ports Authority (Mawani) and Saudi Logistics Services Company SAL inked an agreement to build a logistics park at Jeddah Islamic Port, Saudi Press Agency SPA reports. The park is poised to boost sea-air connectivity, SPA said, without disclosing how it will be integrated with air terminals.

REMEMBER- Mawani inked in June an MoU with the General Authority of Civil Aviation (GACA) and the Zakat, Tax and Customs Authority (ZATCA) to improve air and sea logistics connectivity in the country by integrating freight operations at air and sea terminals.

The details: The new logistics area — which is set to span over an area of 54k square meters — will comprise smart warehouses, yards to store and distribute goods, as well as a re-export zone to provide regional sorting and distribution operations. The area will also include an integrated environmental system, and is geared towards offering sorting and distribution operations as well as value added services, SPA adds.

This also comes on the heels of SAL’s IPO: Saudia Arabian Airlines and Tarabot Air Cargo services jointlylisted a 30% stake in their subsidiary SAL on the Saudi Tadawul Exchange in September, raising some USD 678 mn.

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