Saudi Logistics Sector Set to Boom with DP World’s $250 Million Investment
Exciting news for the logistics industry in Saudi Arabia as DP World announces a massive investment of SR900 million ($250 million) to construct a state-of-the-art distribution center at the Jeddah Islamic Port. This strategic move is set to revolutionize the sector and elevate operational capabilities to new heights, providing clients with more efficient and comprehensive services.
Construction Underway for Multi-Phase Project
Construction on the quarter-billion-dollar project has officially kicked off, with plans for development to be carried out in two phases. The distribution center is scheduled to open its doors in the second quarter of 2025, offering an in-land container depot with a handling capacity of 250,000 twenty-foot equivalent units and a whopping 100,000 sq. meters of warehouse space.
Boosting Trade and Economic Powerhouse
Integrated with the recent 30-year concession for the South Container Terminal, this cutting-edge facility will play a crucial role in bolstering trade and supporting Saudi Arabia’s vision to become an economic powerhouse by 2030. The collaboration between DP World and the Saudi Ports Authority is set to pave the way for significant growth in the logistics sector.
Commitment to Kingdom’s Development
Sultan Ahmed bin Sulayem, chairman and CEO of DP World, expressed the company’s unwavering commitment to Saudi Arabia, emphasizing the importance of the Jeddah Logistics Park in enhancing connectivity and market access for customers. This investment marks a major milestone in DP World’s 25-year history in Jeddah and is aligned with the ambitious goals of Saudi Vision 2030.
Expanding Logistics Centers for Growth
Mawani President Omar bin Talal Hariri highlighted the significant impact of the new logistics area, emphasizing its connection to DP World’s South Container Terminal at Jeddah Islamic Port. This project is part of Mawani’s broader efforts to expand logistics centers in Saudi ports, in line with the National Transport and Logistics Strategy and Vision 2030.