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DP World and Saudi Ports Authority (Mawani) have commenced construction of a new US$ $250 million logistics park at Jeddah Islamic Port. The 415,000 m2 greenfield facility will feature 185,000 m2 of warehousing space and a multi-purpose storage yard, making it the largest integrated logistics park in the Kingdom. Moreover, it will have capacity for more than 390,000 pallet positions.
Established in 2022 as part of a 30-year concession, Jeddah Logistics Park will be developed in two phases with a planned opening in the second quarter of 2025. The facility will have a rooftop solar plant on the warehouse that will generate 20MW of renewable energy, contributing to its sustainable design.
The collaboration between Mawani and DP World also includes the management of the South Container Terminal through a separate 30-year concession signed in 2020. The terminal is currently in the final phase of a comprehensive modernisation project, scheduled for completion in the fourth quarter of 2024, which will see handling capacity being ramped up to 5 million TEU a year.
Combined, the two DP World projects in Jeddah represent a total investment of close to US $1 billion.
President of Saudi Ports Authority (Mawani), Omar Bin Talal Hariri, said: “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.”
The ground breaking ceremony for the logistics facility follows hard on the heels of the opening of DP World freight forwarding offices in Dammam, Jeddah and Riyadh, expanding its logistics footprint in the Kingdom of Saudi Arabia.
