Mawani, eXtra to set up logistics centre at Dammam port
RIYADH, February 8, 2023
The Saudi Ports Authority (Mawani) said it has signed an investment agreement with leading consumer tech retailer United Electronics Company (eXtra) to set up a state-of-the-art logistics centre at King Abdulaziz Port in Dammam at an investment of SR35 million ($9.3 million).
The 10-year deal was signed at the Mawani HQ by its President Omar Hariri, and Chairman of United Electronics Company, Abduljabbar Mohamed Abduljabbar.
To be built over 32,000 sq m, the logistics and distribution centre will feature port-centric warehouses and storage yards designed to handle a wide range of multi-brand products and appliances, said a statement from Maawani.
The partnership goes hand in hand with Mawani’s core mission to establish sustainable, cutting-edge logistics facilities that enable clients to deliver efficient and reliable operations besides boosting the kingdom’s economic activity, in line with the vision drawn up by the National Transport and Logistics Strategy (NTLS), it stated.
King Abdulaziz Port in Dammam has emerged in recent times as a world-class hub offering an integrated suite of logistics services and facilities, including 43 berths, multipurpose terminals, and a 100,000 sq m logistics park, alongside a fleet of hi-tech cargo-handling equipment, it added.-TradeArabia News Service
