Mawani and Maersk break ground on $346mn logistics park ...United Arab Emirates

The Saudi Ports Authority (Mawani) and Maersk have broken ground on what’s billed as the latter’s largest comprehensive logistics zone in the Middle East. The Maersk Logistics Park, which will come up on a 225,000sqm area in Jeddah Islamic port, is being built at a total investment of US $346mn. Mawani and Maersk first signed the agreement for the project at the end of 2021, and work on the project is expected to be complete in Q1 2024. According to a statement from Mawani, the logistics park is one of the company’s key initiatives aimed at developing and providing investment opportunities in logistics zones for the private sector, and increasing the number of logistics zones that deal with

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Last updated : 16 February 2023 clock 09:16 AM

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