SaudiArabia Invests 6 Billion Riyals (1.6 Billion USD) in Building 9 Logistic Zones on the Red Sea and Eastern Coast, Transforming Jeddah Port into a Global Distribution Hub
Acquisition and Allocation of Logistic Zones
West Coast Ports has acquired six logistic areas.
The General Ports Authority allocated three logistic zones in the ports of the Eastern region.
Total hashtag#investment exceeds 6 billion Riyals (1.6 billion USD).
Strategic Distribution and Investment
✔️ Distributed logistic areas: 5 in hashtag#Jeddah Islamic Port, 3 in King Abdulaziz Port in hashtag#Dammam, and 1 in King Fahd Industrial Port in hashtag#Yanbu.
✔️ The initiative aims at transforming Saudi Arabia into a global hashtag#LogisticHub.
✔️ The first logistic area will be inaugurated in Jeddah Islamic Port.
Addressing Maritime Navigation Challenges
✔️ Focus on overcoming challenges affecting maritime navigation in the hashtag#RedSea.
✔️ Immediate solutions to the operational performance issues at King Abdulaziz Port in Dammam due to a significant influx of ships and containers.
Economic Development and Job Creation
✔️ The logistic zones are expected to enhance investment attractiveness and create new hashtag#JobOpportunities.
✔️ They align with the national strategy for transport and logistic services, aiming to establish Saudi Arabia as a global logistic center and a connecting hub for three continents as part of Saudi Vision 2030.
Diverse Goods and Advanced Services
✔️ The zones will accommodate a variety of hashtag#goods: hashtag#cars, hashtag#building materials, industrial products, consumer goods, and more.
✔️ Offering multiple services, including equipped hashtag#warehouses, storage yards, primary industries, and advanced infrastructure.
Contributions to International Standing
✔️ The logistic zones are expected to contribute to Saudi Arabia achieving significant leaps in international indicators.
✔️ Enhancing the investment appeal of Saudi ports and contributing to the economic development in Saudi Arabia.
