Saudi Arabia’s Mawani Signs SAR 900m Agreements

Saudi Arabia’s Mawani Signs SAR 900m Agreements

The Saudi Ports Authority (Mawani) announced in a statement that it has signed seven contracts and Memorandums of Understanding (MoUs) with partners from the public and private sectors with a total exceeding SAR900 million, which included establishing a new integrated logistics park at Jeddah Islamic Port, developing the infrastructure according to the latest global standards, as well as developing the new ports’ management system. As the signing took place at the Saudi Maritime Congress hosted in Dammam between 28-29 September 2022, with the patronage of HRH Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, Deputy Governor of Eastern Province.

By signing the contracts and MoUs, Mawani aims to achieve complete transformation in the process of operations and logistical support at Saudi ports, in line with initiatives assigned to the Authority within the Saudi Vision 2030 program, and to fulfill the objectives of the National Transport and Logistics Strategy (NTLS) to position Saudi Arabia as a global logistics hub.

As the first contract signed with Globe Group to build an integrated logistics park and a re-export zone at Jeddah Islamic Port over an area of 135,000 m2, in order to provide and employment opportunities and enable national companies specialized in the