JEDDAH — Saudi Ports Authority (MAWANI) Sunday signed an agreement with Maersk Saudi Arabia to set up an Integrated Logistics Park at Jeddah Islamic Port in Saudi Arabia.

The signing took place in the presence of the Minister of Transport and Logistic Services Eng. Saleh Bin Nasser Al-Jasser, who is also chairman of the Board of Directors of the Saudi Ports Authority, and a number of leaders of the transport and logistics system and officials of the relevant authorities.

The agreement was co-signed by Saudi Ports Authority President Omar Bin Talal Hariri and Managing Director of Maersk Saudi Arabia Mohammad Shihab. Under the agreement, Maersk will set up an Integrated Logistics Park at Jeddah Islamic Port in Saudi Arabia, investing more than SR500 million.

"We, in the transport and logistics system, with the support of Crown Prince, are continuing to establish multiple logistic areas in accordance with a high development methodology that contributes to transforming Saudi Arabia into a leading global center in the economics of transport and logistics industry.

“We will continue to strengthen these strategic partnerships with the private local and international sectors to achieve the objectives of the National Strategy for Transport and Logistics and the Saudi Vision 2030," the Minister of Transport and Logistic Services said.

For his part, the Saudi Ports Authority president said that this partnership will greatly enhance the distinguished operational capabilities of Jeddah Islamic Port, adding that the agreement is an important step to achieve the ambition for Jeddah Islamic Port to become among the top ten ports in the world by 2030. — SPA