DP World and Mawani begin US$250M logistics park at Jeddah Port

28.05.2024

DP World and the Saudi Ports Authority (Mawani) have begun constructing a new US$250 million logistics park at Jeddah Islamic Port.

This state-of-the-art facility aims to enhance storage and distribution capabilities, bolstering trade within Saudi Arabia and the broader region.

Spanning 415,000 square meters, the greenfield facility will include 185,000 square meters of warehousing space and an expansive multi-purpose storage yard, making it the largest integrated logistics park in the Kingdom. It will accommodate over 390,000 pallet positions, providing customers with an efficient platform for the seamless movement of goods in and out of Jeddah.

Established in 2022 under a 30-year concession, Jeddah Logistics Park will be developed in two phases, with a planned opening in Q2 2025. The facility will feature a rooftop solar plant on the warehouse, generating 20MW of renewable energy, underscoring its sustainable design.

“This investment marks a significant step as we mark 25 years of operations in Jeddah and underscores our enduring commitment to facilitating the flow of trade," stated Sultan Ahmed bin Sulayem, Chairman and CEO of DP World.

Additionally, Mawani and DP World are collaborating on the management of the South Container Terminal through a separate 30-year concession signed in 2020. This terminal is in the final phase of a comprehensive modernization project, slated for completion in Q4 2024, which will increase its handling capacity to five million TEUs.

Together, these two DP World projects represent a combined investment of nearly US$1 billion.

“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. The project is part of Mawani’s broader efforts to expand the number of logistics centres in Saudi ports, in partnership with major national and international companies, and in line with the objectives of the National Transport and Logistics Strategy and Vision 2030,” added president of Saudi Ports Authority (Mawani), Omar Bin Talal Hariri.

According to a statement, Mohammad Alshaikh, DP World Country Head, KSA, delivered details on the comprehensive project to attendees at the groundbreaking, including the UAE Consul General to Jeddah, Nasser Huwaiden Thaiban Ali AlKetbi, and senior Saudi government representatives and members of DP World’s leadership team.