The Saudi Ports Authority (Mawani) has signed an agreement with the French CMA CGM Group to build an integrated logistics platform at Jeddah Islamic Port that will include a number of specialised container depots and warehouses. The new facility will be established on 130,000m2 of land leased by the port administration to CMA CGM with the overall aim of boosting the Kingdom’s profile as a global logistics hub.
CMA CGM Inland Services (CCIS) and its logistics subsidiary CEVA have collaborated closely on this project which involves a US$ 130 million investment over 20 years. The agreement will create more than 150 direct jobs and hundreds of indirect ones within the logistics sector.
The deal was signed by HE Omar Talal Hariri, President of Mawani, and Xavier Eiglier, CMA CGM Group’s Regional Director for the Middle East Gulf, Indian Subcontinent, Indian Ocean Islands, and Southern and Eastern Africa, in the presence of senior officials from both sides and a host of leading industry executives.