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Dubai News Club > Business > DP World, Saudi Ports to build Dh490m Jeddah logistics park
Business

DP World, Saudi Ports to build Dh490m Jeddah logistics park

Press Room
Last updated: 2022/06/19
Press Room
Published: June 19, 2022
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DP World, Saudi Ports to build Dh490m Jeddah logistics park
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Dubai: In a move that further strengthens the deep ties shared between the UAE and Saudi Arabia, DP World and Saudi Ports Authority (Mawani) have signed a 30-year agreement to build a state-of-the-art, port-centric logistics park at the Jeddah Islamic Port.

The agreement, with an investment value of more than Dh490 million ($133.4 million), aims to establish a 415,000 sq. m logistics park with an in-land container depot capacity of 250,000 TEUs (twenty-foot equivalent units) and…

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