Saudi logistics zones to attract SAR 7 bln investments: Mawani President

14/10/2019 Argaam

 

Investments in logistics zones in the Saudi ports and Al-Khomra are expected to reach nearly SAR 7 billion, Saad Al-Khalb, President of the Saudi Ports Authority (Mawani), told CNBC Arabia.

 

“Container throughput growth at Saudi ports hit 12 percent in 2019. The Saudi ports handled 177 million tons of cargo, up 3 percent in the first eight months of 2019,” Al-Khalb said.

 

Yesterday, Saudi Minister of Transport, Nabeel Al-Amoudi, announced offering Al Khomra Logistics Zone Jeddah for investment to the private sector.

 

Al Khomra is an umbrella for a number of logistics zones and platforms to be launched in the coming period through a prepared comprehensive strategy and plan, the minister added.

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