Maersk to set up $136m logistics centre at Jeddah port

Maersk

AP Moller-Maersk will invest $136 million over a 25-year period on an integrated logistics park at the Jeddah Islamic Port in Saudi Arabia.

The project, spread over an area of 20.5 hectares, will serve as a centre for trans-shipments and air freight, with a number of warehouses, distribution centres and cold storage units, according to Maersk.

The project will be “a remarkable milestone in strengthening the kingdom’s position regionally and globally and will contribute to transforming the kingdom into a leading global centre in the field of transportation and logistics services,” Saleh Al Jasser, Saudi Arabia’s Minister of Transport and chairman of the board of directors of the Saudi Ports Authority, said.

“The strategic partnership between the authority and Maersk is an important step to achieve our ambition for Jeddah Islamic Port to become among the top ten ports in the world by 2030, with the volume of container handling reaching 18 million TEUs [twenty-foot equivalent units],” said Omar Hariri, president of the Saudi Ports Authority.

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