The Saudi Ports Authority (Mawani) has signed an agreement with Abyat, one of the leading GCC companies specialised in finishing and furnishing materials, to build a regional logistics centre at King Abdulaziz Port in Dammam. This will be used for distribution and assembly, covers an area exceeding 81km2 and represents more than SAR 100 million worth of investment.
The agreement was signed by H.E Mr. Omar Talal Hariri, President of Mawani, and Yasser Hassan Abul, Chairman of Abyat in the presence of senior executives from both sides.
“The agreement reflects the Authority’s efforts in utilising Saudi ports’ location which is positioned on international trade lines, to create regional centres for distribution and shipping, along with facilitating the supply chain and trade in the region,” said H.E Mr. Hariri.
He added: “King Abdulaziz Port’s strategic location creates competitiveness for investors who are interested in building integrated logistics centres that provide value-added services.”
Mawani has also recently announced that Saudi ports recorded a total of 20.47 million tons of cargo throughput during April, which is a 24.28% increase compared to the 16.47 million tons recorded in the same month of 2021. This includes a 30% increase in general cargo and a 33% jump in liquid bulk cargo volumes. Container throughput reached 593,853 TEU, with increases of 1.80% and 13.40% in exports and imported containers respectively, while transhipment volumes were down by 17.30% compared with April last year.