DP World and the Saudi Ports Authority (Mawani) have commenced construction on a SAR900 million ($250 million) logistics park at Jeddah Islamic Port, aimed at enhancing storage and distribution facilities and boosting trade in Saudi Arabia and the region.
Spanning 415,000 sq m, the greenfield facility will feature 185,000 sq m of warehousing space and a multi-purpose storage yard, making it the largest integrated logistics park in the Kingdom. It will have a capacity for over 390,000 pallet positions, ensuring a seamless flow of goods to and from Jeddah, according to a press release from DP World.
Jeddah Logistics Park, established in 2022 under a 30-year concession, will be developed in two phases, with a planned opening in Q2 2025. The facility will also feature a rooftop solar plant generating 20MW of renewable energy.
The collaboration between Mawani and DP World includes managing the South Container Terminal through a separate 30-year concession signed in 2020. The terminal is nearing completion of a modernisation project, scheduled for Q4 2024, which will increase handling capacity to five million TEUs. DP World’s investments in these projects total nearly SAR4 billion ($1 billion).
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, stated, “Saudi Arabia has always been a deeply important market for DP World, and this milestone represents our ongoing commitment to the Kingdom. Jeddah Logistics Park, strategically located on the vital Asia-Europe shipping route, will provide world-class multimodal connectivity and market access for our customers while supporting the ambitious aims of Saudi Vision 2030. This investment marks a significant step as we celebrate 25 years of operations in Jeddah and underscores our enduring commitment to facilitating the flow of trade.”
Omar Bin Talal Hariri, President of the Saudi Ports Authority (Mawani), added, “This new logistics area will be connected to DP World’s South Container Terminal at Jeddah Islamic Port, facilitating growth and increasing the number of containers handled at the terminal. This project is part of Mawani’s broader efforts to expand the number of logistics centers in Saudi ports, in partnership with major national and international companies, aligning with the National Transport and Logistics Strategy and Vision 2030.”
