Latest news with #AliSultanAl-Qahtani
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Sultan Logistics to set up logisitics park in Dammam port
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 SAR200 million ($53.32 million). The new park will span an area of 197,000 sq m, aiming to enhance the port's competitiveness, increase its operational efficiency, and elevate the level of logistics services provided. The contract was signed by the Acting President of the Saudi Ports Authority, Mazen bin Ahmed Al-Turki, and the Chairman of Sultan Logistics, Ali Sultan Al-Qahtani, in the presence of several officials. This logistics park is part of Mawani's initiatives 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 high-efficiency logistics services, drive national development, and support the Kingdom's economic and social ambitions in line with Saudi Vision 2030. The logistics park will feature warehouses covering 35,000 sq m, administrative offices, and a yard dedicated to the storage and maintenance of dry and refrigerated containers. It will also include a re-export area, contributing to enhancing the level of logistics services and supporting commercial movement with high operational capabilities. The new logistics park will strengthen the competitive advantage of King Abdulaziz Port by offering specialised logistics services, increasing private sector participation in economic development, and promoting economic diversification. It is worth noting that 2024 witnessed the launch, cornerstone laying, and inauguration of eight logistics parks and centers, with a total private sector investment of nearly SAR2.9 billion. These investments are part of the broader development of over 20 logistics centers under Mawani's supervision across Saudi ports, with total investments exceeding SAR10 billion. Among the highlights was the inauguration of Maersk's largest global logistics investment at Jeddah Islamic Port, valued at SAR1.3 billion and covering 225,000 sq m. -
Asharq Al-Awsat
29-04-2025
- Business
- Asharq Al-Awsat
Saudi Ports Authority Signs $53 Million Deal to Establish Logistics Zone at Dammam Port
Saudi Arabia's Ports Authority (Mawani) signed an agreement with Sultan Logistics to develop a new logistics zone at King Abdulaziz Port in Dammam, in the eastern region of the Kingdom. The investment is valued at SAR 200 million ($53.3 million) and will cover a total area of 197,000 square meters. The contract was signed by Mawani's Acting President Mazen bin Ahmed Al-Turki and Sultan Logistics Chairman Ali Sultan Al-Qahtani in the presence of several officials. The new zone will include 35,000 square meters of warehousing space, administrative offices, and a designated yard for storing and maintaining both dry and refrigerated containers. It will also feature a re-export area, aiming to boost the port's operational efficiency and the quality of logistics services provided. The project is part of Mawani's broader initiatives aligned with the goals of the National Transport and Logistics Strategy, which aims to develop logistics zones both inside and outside the Kingdom's ports. These efforts support Saudi Arabia's ambition to become a global logistics hub and to offer high-efficiency services in line with the nation's Vision 2030 development roadmap. The logistics zone at King Abdulaziz Port is expected to boost the port's competitiveness by offering specialized logistics services, increasing the private sector's contribution to economic development, and furthering economic diversification. The year 2024 has already seen the launch or groundbreaking of eight logistics zones and centers across the Kingdom, with a total private sector investment of approximately SAR 2.9 billion ($773 million). These zones are part of a broader logistics infrastructure development plan involving over SAR 10 billion ($2.66 billion) in investments across 20 logistics zones overseen by Mawani. Among the key milestones was the opening of Maersk's largest global logistics investment at Jeddah Islamic Port—an expansive facility worth SAR 1.3 billion ($346.5 million) covering 225,000 square meters.
Zawya
29-04-2025
- Business
- Zawya
Mawani and Sultan Logistics signed a contract to establish a logistics park with investment of up to SAR 200mln
RIYADH, Saudi Arabia, April 29, 2025: 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, aiming to enhance the port's competitiveness, increase its operational efficiency, and elevate the level of 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 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 high-efficiency logistics services, drive national development, and support the Kingdom's economic and social ambitions in line with Saudi Vision 2030. The logistics park will feature warehouses covering 35,000 square meters, administrative offices, and a yard dedicated to the storage and maintenance of dry and refrigerated containers. It will also include a re-export area, contributing to enhancing the level of logistics services and supporting commercial movement with high operational capabilities. The new logistics park will strengthen the competitive advantage of King Abdulaziz Port by offering specialized logistics services, increasing private sector participation in economic development, and promoting economic diversification. It is worth noting that 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 the broader development of 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. For more information please contact: Houssam Kablawi
