Private sector invests SAR 10B in logistics zones at Saudi ports: Al-Jasser

Saleh Al-Jasser, Minister of Transport and Logistics Services, revealed that private sector investments in the logistics zones at Saudi ports exceed SAR 10 billion, covering an area of six million square meters (sqm).

Al-Jasser's statements came during an interview with Al Arabiya TV on the sidelines of the inauguration of the largest integrated logistics park for Maersk in the Middle East at Jeddah Islamic Port by the Saudi Ports Authority (MAWANI) and Maersk.

He added that this zone is one of 18 logistics projects signed by the Kingdom's ports authority. Three were opened, while the remaining will be inaugurated consecutively. Moreover, 12 agreements are expected to be signed in the coming years.

Al-Jasser went on to say that several logistics zones are currently under construction in partnership with major international companies such as DP World and LogiPoint, highlighting the Kingdom's attractiveness to foreign investments.

The Kingdom is currently home to 22 logistics zones and targets to have 59 zones by 2030. The minister added that linking ports to airports will also enhance the flexibility of Saudi Arabia's logistics sector.

According to Argaam data, MAWANI and Maersk laid the foundation stone in February 2023 for the largest integrated logistics zone for Maersk in the Middle East at Jeddah Islamic Port, with investments amounting to SAR 1.3 billion. The project spans an area of 225,000 sqm and is expected to create more than 2,500 direct and indirect job opportunities.