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…
