Latest news with #MazenbinAhmedAl-Turki
Yahoo
21-05-2025
- Business
- Yahoo
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: email address: hello@ A photo accompanying this announcement is available at in to access your portfolio
Zawya
01-05-2025
- Automotive
- Zawya
Mawani and Alissa Universal Motors to establish logistics zone at King Abdulaziz Port
Saudi Arabia - The Saudi Ports Authority 'Mawani' and Alissa Universal Motors — a subsidiary of Abdul Latif Alissa Holding Group — have signed an agreement to establish a logistics zone at King Abdulaziz Port in Dammam, with a total investment amounting to SR300 million. The project includes development and construction works over an area exceeding 382,000 square meters for a duration of 20 years. The zone will be dedicated to import, storage, and re-export operations for vehicles and spare parts, in addition to a warehouse and storage yard. The agreement was signed by Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and Managing Director of Abdul Latif Alissa Holding Group Abdullah bin Abdulmohsen Alissa in the presence of several officials from both sides. This initiative aligns with Mawani's efforts within the framework of the National Transport and Logistics Strategy, which aims to position the Kingdom as a global logistics hub and a central link between three continents. It also seeks to deliver high-efficiency logistics services that support national development and empower Saudi Arabia's economic and social ambitions in line with Saudi Vision 2030. The logistics zone will offer several essential services, including ready-built warehouses spanning over 7,000 square meters for spare parts storage, and open-air storage yards with the capacity to accommodate more than 13,000 vehicles and trucks. It is noteworthy that King Abdulaziz Port in Dammam recently won the 'Port of the Year' award at the ShipTek Awards, in recognition of the remarkable achievements led by Mawani in developing the port's infrastructure. This includes the development and operation of the port's container terminals under a BOT (Build-Operate-Transfer) model, with investments exceeding SR7 billion. These efforts have increased the port's container handling capacity by more than 120%, reaching 7.5 million TEUs. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-04-2025
- Automotive
- Zawya
'Mawani' and 'Alissa Universal Motors' sign agreement to establish a logistics zone at King Abdulaziz Port in Dammam with an investment value of SAR300mln
The Saudi Ports Authority 'Mawani' and Alissa Universal Motors—a subsidiary of Abdul Latif Alissa Holding Group—have signed an agreement to establish a logistics zone at King Abdulaziz Port in Dammam, with a total investment value reaching SAR 300 million. The project includes development and construction works over an area exceeding 382,000 square meters, for a duration of 20 years. The zone will be dedicated to import, storage, and re-export operations for vehicles and spare parts, in addition to a warehouse and storage yard. The agreement was signed by the Acting President of the Saudi Ports Authority, Mr. Mazen bin Ahmed Al-Turki, and the Managing Director of Abdul Latif Alissa Holding Group, Mr. Abdullah bin Abdulmohsen Alissa, in the presence of several officials from both sides. This initiative aligns with Mawani's efforts within the framework of the National Transport and Logistics Strategy, which aims to position the Kingdom as a global logistics hub and a central link between three continents. It also seeks to deliver high-efficiency logistics services that support national development and empower Saudi Arabia's economic and social ambitions in line with Saudi Vision 2030. The logistics zone will offer several essential services, including ready-built warehouses spanning over 7,000 square meters for spare parts storage, and open-air storage yards with the capacity to accommodate more than 13,000 vehicles and trucks. Moreover, King Abdulaziz Port in Dammam recently won the 'Port of the Year' award at the ShipTek Awards, in recognition of the remarkable achievements led by Mawani in developing the port's infrastructure. This includes the development and operation of the port's container terminals under a BOT (Build-Operate-Transfer) model, with investments exceeding SAR 7 billion. These efforts have increased the port's container handling capacity by more than 120%, reaching 7.5 million TEUs.
Saudi Gazette
30-04-2025
- Automotive
- Saudi Gazette
Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam
The Saudi Ports Authority 'Mawani' and Alissa Universal Motors — a subsidiary of Abdul Latif Alissa Holding Group — have signed an agreement to establish a logistics zone at King Abdulaziz Port in Dammam, with a total investment amounting to SR300 million. The project includes development and construction works over an area exceeding 382,000 square meters for a duration of 20 years. The zone will be dedicated to import, storage, and re-export operations for vehicles and spare parts, in addition to a warehouse and storage yard. The agreement was signed by Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and Managing Director of Abdul Latif Alissa Holding Group Abdullah bin Abdulmohsen Alissa in the presence of several officials from both sides. This initiative aligns with Mawani's efforts within the framework of the National Transport and Logistics Strategy, which aims to position the Kingdom as a global logistics hub and a central link between three continents. It also seeks to deliver high-efficiency logistics services that support national development and empower Saudi Arabia's economic and social ambitions in line with Saudi Vision 2030. The logistics zone will offer several essential services, including ready-built warehouses spanning over 7,000 square meters for spare parts storage, and open-air storage yards with the capacity to accommodate more than 13,000 vehicles and trucks. It is noteworthy that King Abdulaziz Port in Dammam recently won the 'Port of the Year' award at the ShipTek Awards, in recognition of the remarkable achievements led by Mawani in developing the port's infrastructure. This includes the development and operation of the port's container terminals under a BOT (Build-Operate-Transfer) model, with investments exceeding SR7 billion. These efforts have increased the port's container handling capacity by more than 120%, reaching 7.5 million TEUs.
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. -
