The Saudi Ports Authority (Mawani) has signed an agreement with Alissa Universal Motors, a subsidiary of Abdullatif Alissa Group Holding, for the establishment of a logistics park at King Abdulaziz Port in Dammam, Saudi Arabia.
The project involves an investment of up to SAR 300 million (US$80 million) and will cover an area of 382,000 square meters, while the park will handle imports and re-exports of vehicles and spare parts.
The agreement was signed by the Acting President of the Saudi Ports Authority, Mazen bin Ahmed Al-Turki, and the Managing Director of Abdullatif Alissa Group Holding, Abdullah Abdulmohsen Alissa.
The establishment of the logistics park is part of Mawani’s initiatives aligned with the objectives of Saudi Arabia’s National Transport and Logistics Strategy, which aims to create high-efficiency logistics parks, supporting national development and empowering the country’s economic and social ambitions under Saudi Vision 2030.
The logistics park will include a 7,000-square-meter warehouse for spare parts storage and a logistics area capable of accommodating more than 13,000 vehicles and trucks.
Mawani believes this initiative will enhance the competitive advantage and regional standing of King Abdulaziz Port as a logistics hub, provide specialized logistics services, increase private sector contributions to economic development, and promote economic diversification.
