DB World and Mawani announce a new strategic partnership in Jeddah Islamic Port
Hamdan bin Mohammed: We are pleased to contribute to the realization of "Saudi Vision 2030"
During the signing of the partnership agreement.
From the source
DP World and (Mawani) Saudi Arabia signed a 30-year agreement.
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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, congratulated Dubai Ports World (DP World) and the Saudi Ports Authority (Mawani), on concluding an agreement to establish an advanced logistic complex in Jeddah Islamic Port, and to contribute to the realization of the "Saudi Vision". 2030” with a project that promotes the commercial growth of the Kingdom and the region.
His Highness said in a tweet on the blogging site "Twitter": "We congratulate Dubai Ports World (DB World) and the Saudi Ports Authority (Mawani), for concluding an agreement to establish an advanced logistics complex in Jeddah Islamic Port, with investments of 490 million dirhams. We are pleased to contribute to the Achieving (Saudi Vision 2030) with a project that enhances the commercial growth of the Kingdom and the region.
His Highness added in another tweet: "A new step within the prosperous Emirati-Saudi partnership... Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we do not hesitate to employ Dubai's expertise to support the development aspirations of our brothers in the Kingdom, which We wish her further progress, under the leadership of the Custodian of the Two Holy Mosques, and the follow-up of my brother, Prince Mohammed bin Salman.”
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Yesterday, DP World and the Saudi Ports Authority (Mawani) announced the signing of a 30-year agreement, with an investment of 490 million dirhams ($133.4 million), to establish a high-level logistics zone in Jeddah Islamic Port.
The announcement came within the framework of the close cooperation relations between the UAE and Saudi Arabia, and the keenness of the Emirate of Dubai to share experiences and successful experiences, and to join efforts to serve the comprehensive development trends in the region.
Logistic area
The agreement aims to establish a logistics area covering an area of 415,000 square meters, and includes a warehouse for internal containers with a capacity of 250,000 TEUs measuring 20 feet, and a storage and warehouse area of 100,000 square meters, with the possibility of doubling it to 200,000 square meters.
The agreement was signed under the patronage of the Saudi Minister of Transport and Logistics and Chairman of the Board of Directors of the Saudi Ports Authority, Engineer Saleh bin Nasser Al-Jasser, and in the presence of Sheikh Nahyan bin Saif bin Mohammed Al Nahyan, the UAE ambassador to the Kingdom, Omar bin Talal Hariri, President of the Saudi Ports Authority, and President The Board of Directors and CEO of DP World Group (DP World), Sultan Ahmed bin Sulayem, and CEO of DB World Saudi Arabia, Mohammed Al Sheikh.
Area benefits
The new logistics zone in Jeddah Islamic Port will reinforce DB World's strategic position in the region, and will provide pioneering multimodal logistics solutions in the Kingdom of Saudi Arabia.
It will also support re-export activities in Jeddah Islamic Port, and will reduce time while reducing the cost of logistics services for both importers and exporters alike.
It will also provide an integrated platform for services linking port operations with "last mile" activities, providing cold warehouses for storing refrigerated goods, and then assembling them in specialized containers and transporting them to customers' warehouses or shipping them to neighboring markets.
Saudi vision
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World Group, said: “We are pleased and honored to actively contribute to achieving (Saudi Vision 2030), which includes developing a prosperous and sustainable maritime transport system that supports the economic and social ambitions of the Kingdom, and enhances the Its position as a global logistics center.”
He added: “We affirm our commitment to investing in the modernization processes of this vital facility, by implementing the highest levels of logistics services and providing technology-based commercial solutions, and we are confident that the stage we have reached today will contribute to raising levels of efficiency and productivity, in addition to creating new job opportunities. ».
Bin Sulayem affirmed the commitment to strengthening the role and status of Jeddah Islamic Port, which enjoys a strategic location on the Red Sea, and which has played a vital role throughout the ages in facilitating trade movement between East and West.
He said: “The core of our strategy as a comprehensive supply chain solutions provider is to provide a package of logistics services to our customers, and to fill any gap that exists in the market.
Such vital commercial facilities will also enable us to achieve greater progress in the Kingdom, by expanding our cooperation with major leading logistics service providers.”
Electronic services
For his part, the head of the Saudi Ports Authority, Omar bin Talal Hariri, said, “The new logistics zone provides advanced and environmentally friendly electronic services, while merging the operations of the Southern Container Terminal with the logistics zone, as part of the authority’s constant endeavor to provide integrated logistic zones that enhance competitiveness. Jeddah Islamic Port, and contributes to raising the quantities of transshipment goods, in line with the national strategy for transport and logistics services.
He added: "This partnership will link the port's operations to the logistics region, enabling it to provide complete logistics services with a high degree of operational efficiency, in addition to expanding the circle of joint cooperation with major logistics service providers, enhancing re-export operations, and reducing the cost of logistics services to provide The best services at the highest level for the beneficiaries and investors.
concession contract
DP World entered into a concession agreement with the Saudi Ports Authority (Mawani), in April 2020, to continue operating and managing the Southern Container Terminal at Jeddah Islamic Port for a period of 30 years.
DB World has committed a total investment of 2.94 billion dirhams (800 million dollars) to expand and modernize the container terminal.
The new project, which will be conducted in four phases, will see infrastructure upgrades including the expansion of draft and quay depth, the installation of advanced equipment, the use of advanced technologies, automation and digitization programs, and carbon emissions reduction initiatives, and is scheduled for completion by 2024.
4 million containers
Upon completion of the modernization project, the container terminal in Jeddah Islamic Port will be able to double the current volume of container handling from 2.5 million TEUs to four million TEUs, which will serve to consolidate Jeddah Islamic Port's position as a major commercial and logistical center on the Red Sea.
Dubai Crown Prince:
• "We do not delay in employing Dubai's expertise to support the development aspirations of our brothers in the Kingdom, which we hope for further progress."
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