Development of US $250mn logistics park commences in Jeddah Port ...United Arab Emirates

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Development of US $250mn logistics park commences in Jeddah Port
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 143
Ground has been broken on a new logistics park which will come up on a 415,000sqm area in Jeddah Port. The project is being jointly developed by DP World and the Saudi Ports Authority (Mawani). According to DP World, the new facility will provide modern storage and distribution facilities, as well as help boost trade in the Kingdom of Saudi Arabia and the wider region. Established in 2022 as part of a 30-year concession, Jeddah Logistics Park will be developed in two phases with a planned opening in Q2 next year. According to a report, the greenfield facility is being developed at a cost of US $250mn and will feature 185,000sqm of warehousing space and a multipurpose storage yard, which will

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