MAWANI signs 7 agreements to build logistics park, new berths in Jeddah Port

28/09/2022 Argaam

Jeddah Islamic Port


Saudi Ports Authority (MAWANI) signed seven contracts and memorandums of understanding (MoUs) with partners from the public and private sectors, at a total value exceeding SAR 900 million, according to a statement.

The agreements include establishing a new integrated logistics park at Jeddah Islamic Port, developing the infrastructure according to the latest global standards, as well as developing the new ports’ management system.

The signing took place at the Saudi Maritime Congress in Dammam between Sept. 28-29. 

Below are the details of the contracts and MoUs: 

- The first contract was signed with Globe Group to build an integrated logistics park and a re-export zone at Jeddah Islamic Port over an area of 135,000 square meters (sqm).

- The second contract was signed with PC Marine Services, at a total of SAR 458 million, to cooperate in strengthening food security through Jeddah Islamic Port, by constructing new berths with a design depth of 16 meters and a length of 1,100 meters. This is besides increasing the number of berths from 26 to 31 in the multi-purpose terminal to accommodate large dry bulk vessels, develop infrastructure to receive larger dry bulk carriers and meet the local market demand of grains, as well as securing the Kingdom’s strategic grain reserve by increasing the imported grains.

- The third contract was signed with Modern Building Leaders (MBL), in cooperation with Huta Hegerfeld Saudia Ltd., to implement the project of deepening the approach channels, turning basins, waterways and the southern terminal basin at Jeddah Islamic Port for SAR 184 million, which will facilitate receiving large vessels with a capacity of 24,000 twenty-foot equivalent units (TEUs).

- The fourth contract  MAWANI signed another contract with Giza Arabia to implement the security system project at King Fahad Industrial Port in Yanbu for a total exceeding SAR 61 million. This will increase the efficiency of facilities and management of security vulnerabilities by developing the port’s security system according to best global practices.

- MAWANI signed a MoU with King Abdulaziz University to implement the best practices in the fields of research, training and academic affairs related to ports as well as the maritime transport and logistics sector. This is in addition to working to strengthen cooperation in the fields of occupational health and safety, as well as the Maritime Law and investigations of maritime accidents and injuries, along with protecting the environment from oil leakage and pollution.

- MAWANI signed a MoU with the Saudi Accreditation Center (SAC) to provide accreditation services to the conformity assessment bodies contracting with MAWANI, and strengthen the cooperation in the fields of research and exchanging expertise.

- MAWANI also signed a MoU with Saudi Company for Exchanging Digital Information (Tabadul) to develop the ports’ new management systems and implement the Fourth Industrial Revolution (4IR) technologies in Saudi ports. This is in line with the Smart Ports initiative to expand the services provided at the ports and increasing the 46 current services to reach 150 services, in order to achieve the objectives of the digital transformation in the logistics sector.


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts