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This connectivity was invested by the Saudi Vision 2030 that relied on diversifying the non-oil economy through launching pioneering programs and goals that can make the Kingdom of Saudi Arabia a global logistic hub.
According to statistics issued by Saudi Ports Authority (Mawani), Saudi ports have recorded an increase in performance indicators as well, including the number of container transshipment that increased by 17%.
The new facility will be established on 130,000 sq. meters of land leased by the port administration with the overall aim of developing an efficient sector-wide logistics mechanism and boosting the Kingdom’s profile as a global logistics hub connecting three continents.
The long-term agreements will be awarded to experienced private sector companies through a competitive procurement process, in accordance with the Private Sector Participation (PSP) Law.
President of Saudi Ports Authority, Omar Bin Talal Hariri, and representatives of partners in the initiative, which entails a selection of leading Saudi and global companies in the technical and logistical sector too attended the launch ceremony.