DP World and Mawani signs 30-year agreement to establish Jeddah Logistics Park – Construction Week Online

DP World and Mawani signs 30-year agreement to establish Jeddah Logistics Park – Construction Week Online

In a move that highlights strong relations between the UAE and Saudi Arabia and underscores Dubai’s keenness to share its expertise and experience to boost regional development, DP World and the Saudi Ports Authority (Mawani) signed a 30-year agreement to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port.

The agreement, with an investment value of more than $133.4mn, aims to establish a 415,000m2 logistics park with an in-land container depot capacity of 250,000 TEUs (Twenty-foot Equivalent Units) and a warehousing storage space of 100,000m2. Future expansions could increase the storage space to 200,000m2.

The agreement was signed under the patronage of Eng Saleh bin Nasser Al-Jasser, Saudi Arabia’s Minister of Transport and Logistic Services and chairman of Mawani.