Sultan Logistics and Mawani Ink SAR 200 Million Deal to Launch Advanced Logistics Park
Mawani and Sultan Logistics have signed a contract to establish a logistics park with an investment of up to SAR 200 million at King Abdulaziz Port in DammamPhoto Courtesy of Ali Alhmmami
RIYADH, Saudi Arabia, May 20, 2025 (GLOBE NEWSWIRE) -- The Saudi Ports Authority (Mawani) and Sultan Logistics have signed a contract to establish a logistics park at King Abdulaziz Port in Dammam, with an investment of up to SAR 200 million. The new park will span an area of 197,000 square meters and aim to enhance the port's competitiveness, increase its operational efficiency, and improve the efficiency of the logistics services provided.
The contract was signed by the acting president of the Saudi Ports Authority, Mr. Mazen bin Ahmed Al-Turki, and the chairman of Sultan Logistics, Mr. Ali Sultan Al-Qahtani, in the presence of several officials.
This logistics park is part of Mawani's initiatives. It is aligned with the objectives of the National Transport and Logistics Strategy, which seeks to establish logistics parks inside and outside the Kingdom's ports. The initiative aims to solidify Saudi Arabia's standing as a global logistics hub, provide reliable logistics services, drive national development, and support the Kingdom's economic and social ambitions per Saudi Vision 2030.
The logistics park will feature 35,000-square-meter warehouses, administrative offices, and a yard dedicated to the storage and maintenance of dry and refrigerated containers. It will also include a re-export area, enhancing logistics services and supporting commercial movement with high operational capabilities.
The new logistics park will strengthen King Abdulaziz Port's competitive advantage by offering specialized logistics services, increasing private sector participation in economic development, and promoting economic diversification.
The year 2024 witnessed the launch, cornerstone laying, and inauguration of eight logistics parks and centers, with a total private sector investment of nearly SAR 2.9 billion. These investments are part of developing over 20 logistics centers under Mawani's supervision across Saudi ports, with total investments exceeding SAR 10 billion. Among the highlights was the inauguration of Maersk's largest global logistics investment at Jeddah Islamic Port, valued at SAR 1.3 billion and covering 225,000 square meters.
About Abdullatif Alissa Group Holding
Abdullatif Alissa Group Holding, founded in the 1940s by Sheikh Abdullatif Alissa, has grown from its origins in textiles and food trading into one of Saudi Arabia's most respected diversified business groups. Headquartered in Riyadh, the group has built a robust presence across the automotive, finance, real estate, and investment sectors, directly and through subsidiaries throughout the Kingdom and the Gulf region. The company is recognized for its integrated approach to the automotive industry, encompassing vehicle sales, leasing, financing, and aftersales services, and for its strategic investments in sectors vital to the Saudi economy.
Contact Information:
Contact Person: Ali AlhmmamiOrganization / Company: Sultan LogisticsCompany website: https://sultan-logistics.comContact email address: hello@masswedo.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d66dd1aa-7d05-4948-b26d-fd04fdd293b1Sign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox Sports
9 minutes ago
- Fox Sports
World Cup host Saudi Arabia targeted by African-led unions' complaint to UN-backed labor body
Associated Press GENEVA (AP) — A group of African-led trade unions urged the U.N.-backed International Labor Organization on Wednesday to create its highest-level inquiry into Saudi Arabia, citing alleged abuses of migrant workers in the 2034 World Cup host nation. On the same day in Geneva, the ILO signed a renewed working agreement with the kingdom's government. 'It reflects a shared commitment to advancing labor policies that are aligned with international standards and national priorities,' said ILO director general Gilbert Houngbo, the former prime minister of Togo. A different view was suggested by trade unions in 36 countries — including Ghana, Nigeria and Senegal — who filed a formal complaint with the ILO asking for a 'Commission of Inquiry.' It alleged evidence of forced labor, wage theft, physical and sexual abuse and systemic racism targeting African workers, and continued Saudi use of the kafala system tying them to employers especially in construction and domestic work. 'Workers are being treated as disposable in Saudi Arabia. They leave alive and return in coffins,' said Joel Odigie, general secretary of the Africa chapter of the International Trade Union Confederation (ITUC). 'The ILO must act.' A previous complaint filed by the Building and Wood Workers' International union one year ago is being investigated by the ILO, which unites governments, workers and employers to set labor standards and promote decent work. Vision for Saudi Arabia's future Saudi Arabia has started a massive construction program as part of the Vision 2030 plan directed by Crown Prince Mohammed bin Salman to modernize its society and economy beyond dependence on oil. Sport is key to the program and the biggest Saudi win has been getting picked by FIFA to host the men's World Cup in 2034. Most of the 15 planned stadiums must be built or renovated for the 104-game tournament, and some have extravagant designs. Concerns about Saudi Arabia's treatment of migrant workers echo the intense scrutiny on neighboring Qatar before it hosted the 2022 World Cup. That decision in 2010 led to the current FIFA leadership insisting on human rights assessments of future World Cup bidders. Saudi government officials did not immediately respond to requests for comment on Wednesday. A Saudi promise to FIFA last year included 'equitable wages and decent working and living conditions for all individuals involved in World Cup preparations.' The Saudi bid accepted then only to work with the ILO and seemed to rule out partnerships with international unions, NGOs and independent rights advisors. Union frustration Saudi Arabia 'has shown no real intention to address the situation,' the ITUC said Wednesday, despite its top official engaging with the kingdom's government. 'This (kafala) system strips workers of their freedom and dignity, silences complaints and grants employers near-total control over their lives,' the ITUC added. Still, the ILO's Houngbo said the updated Saudi working accord would 'expand protections for vulnerable workers.' 'Our renewed partnership with the ILO underscores Saudi Arabia's commitment to a fair, inclusive and future-ready labor market,' government minister Ahmed Al Rajhi said after signing the deal in Geneva. It also includes sending young Saudi professionals on international development work through the ILO and posting three government officials to the labor body's headquarters in the Swiss city. Speaking with reporters last week, Houngbo said the ILO also is working to create an occupational health and safety center in the Saudi capital Riyadh. 'I am not too much worried on (Saudi issues) in 2025,' the ILO leader said in Geneva last week, noting 2030 was the deadline for much of what the kingdom wants to achieve. ___ AP soccer: recommended in this topic
San Francisco Chronicle
17 minutes ago
- San Francisco Chronicle
World Cup host Saudi Arabia targeted by African-led unions' complaint to UN-backed labor body
GENEVA (AP) — A group of African-led trade unions urged the U.N.-backed International Labor Organization on Wednesday to create its highest-level inquiry into Saudi Arabia, citing alleged abuses of migrant workers in the 2034 World Cup host nation. On the same day in Geneva, the ILO signed a renewed working agreement with the kingdom's government. 'It reflects a shared commitment to advancing labor policies that are aligned with international standards and national priorities,' said ILO director general Gilbert Houngbo, the former prime minister of Togo. A different view was suggested by trade unions in 36 countries — including Ghana, Nigeria and Senegal — who filed a formal complaint with the ILO asking for a 'Commission of Inquiry.' It alleged evidence of forced labor, wage theft, physical and sexual abuse and systemic racism targeting African workers, and continued Saudi use of the kafala system tying them to employers especially in construction and domestic work. 'Workers are being treated as disposable in Saudi Arabia. They leave alive and return in coffins,' said Joel Odigie, general secretary of the Africa chapter of the International Trade Union Confederation (ITUC). 'The ILO must act.' A previous complaint filed by the Building and Wood Workers' International union one year ago is being investigated by the ILO, which unites governments, workers and employers to set labor standards and promote decent work. Vision for Saudi Arabia's future Saudi Arabia has started a massive construction program as part of the Vision 2030 plan directed by Crown Prince Mohammed bin Salman to modernize its society and economy beyond dependence on oil. Sport is key to the program and the biggest Saudi win has been getting picked by FIFA to host the men's World Cup in 2034. Most of the 15 planned stadiums must be built or renovated for the 104-game tournament, and some have extravagant designs. Concerns about Saudi Arabia's treatment of migrant workers echo the intense scrutiny on neighboring Qatar before it hosted the 2022 World Cup. That decision in 2010 led to the current FIFA leadership insisting on human rights assessments of future World Cup bidders. Saudi government officials did not immediately respond to requests for comment on Wednesday. A Saudi promise to FIFA last year included 'equitable wages and decent working and living conditions for all individuals involved in World Cup preparations.' Union frustration Saudi Arabia 'has shown no real intention to address the situation,' the ITUC said Wednesday, despite its top official engaging with the kingdom's government. 'This (kafala) system strips workers of their freedom and dignity, silences complaints and grants employers near-total control over their lives,' the ITUC added. Still, the ILO's Houngbo said the updated Saudi working accord would 'expand protections for vulnerable workers.' 'Our renewed partnership with the ILO underscores Saudi Arabia's commitment to a fair, inclusive and future-ready labor market,' government minister Ahmed Al Rajhi said after signing the deal in Geneva. It also includes sending young Saudi professionals on international development work through the ILO and posting three government officials to the labor body's headquarters in the Swiss city. Speaking with reporters last week, Houngbo said the ILO also is working to create an occupational health and safety center in the Saudi capital Riyadh. 'I am not too much worried on (Saudi issues) in 2025,' the ILO leader said in Geneva last week, noting 2030 was the deadline for much of what the kingdom wants to achieve. ___
Associated Press
29 minutes ago
- Associated Press
World Cup host Saudi Arabia targeted by African-led unions' complaint to UN-backed labor body
GENEVA (AP) — A group of African-led trade unions urged the U.N.-backed International Labor Organization on Wednesday to create its highest-level inquiry into Saudi Arabia, citing alleged abuses of migrant workers in the 2034 World Cup host nation. On the same day in Geneva, the ILO signed a renewed working agreement with the kingdom's government. 'It reflects a shared commitment to advancing labor policies that are aligned with international standards and national priorities,' said ILO director general Gilbert Houngbo, the former prime minister of Togo. A different view was suggested by trade unions in 36 countries — including Ghana, Nigeria and Senegal — who filed a formal complaint with the ILO asking for a 'Commission of Inquiry.' It alleged evidence of forced labor, wage theft, physical and sexual abuse and systemic racism targeting African workers, and continued Saudi use of the kafala system tying them to employers especially in construction and domestic work. 'Workers are being treated as disposable in Saudi Arabia. They leave alive and return in coffins,' said Joel Odigie, general secretary of the Africa chapter of the International Trade Union Confederation (ITUC). 'The ILO must act.' A previous complaint filed by the Building and Wood Workers' International union one year ago is being investigated by the ILO, which unites governments, workers and employers to set labor standards and promote decent work. Vision for Saudi Arabia's future Saudi Arabia has started a massive construction program as part of the Vision 2030 plan directed by Crown Prince Mohammed bin Salman to modernize its society and economy beyond dependence on oil. Sport is key to the program and the biggest Saudi win has been getting picked by FIFA to host the men's World Cup in 2034. Most of the 15 planned stadiums must be built or renovated for the 104-game tournament, and some have extravagant designs. Concerns about Saudi Arabia's treatment of migrant workers echo the intense scrutiny on neighboring Qatar before it hosted the 2022 World Cup. That decision in 2010 led to the current FIFA leadership insisting on human rights assessments of future World Cup bidders. Saudi government officials did not immediately respond to requests for comment on Wednesday. A Saudi promise to FIFA last year included 'equitable wages and decent working and living conditions for all individuals involved in World Cup preparations.' The Saudi bid accepted then only to work with the ILO and seemed to rule out partnerships with international unions, NGOs and independent rights advisors. Union frustration Saudi Arabia 'has shown no real intention to address the situation,' the ITUC said Wednesday, despite its top official engaging with the kingdom's government. 'This (kafala) system strips workers of their freedom and dignity, silences complaints and grants employers near-total control over their lives,' the ITUC added. Still, the ILO's Houngbo said the updated Saudi working accord would 'expand protections for vulnerable workers.' 'Our renewed partnership with the ILO underscores Saudi Arabia's commitment to a fair, inclusive and future-ready labor market,' government minister Ahmed Al Rajhi said after signing the deal in Geneva. It also includes sending young Saudi professionals on international development work through the ILO and posting three government officials to the labor body's headquarters in the Swiss city. Speaking with reporters last week, Houngbo said the ILO also is working to create an occupational health and safety center in the Saudi capital Riyadh. 'I am not too much worried on (Saudi issues) in 2025,' the ILO leader said in Geneva last week, noting 2030 was the deadline for much of what the kingdom wants to achieve. ___ AP soccer:
