The Saudi Ports Authority (Mawani) has signed an agreement with Arabian Agricultural Services Company (Arasco) to establish a new logistics facility for storage and distribution on a 40,000 sq m area at the King Abdulaziz Port in Dammam.
The Saudi transport and logistics sector has secured investment contracts worth more than SAR280 billion ($74.6 billion) from both global and local private-sector partners, thanks to the structural reforms and the backing of the wise leadership, said a report.
The rapid growth of offshore oil and gas activity across the Caribbean is making logistics infrastructure central to upstream success. Purpose-built shore bases and specialised ports now determine execution efficiency, project economics and competitiveness, as seen in Guyana, Trinidad and Tobago, and Suriname today regionally.
AD Ports Group has announced that it has become the first global trade and logistics company to achieve Tier IV Certification of Constructed Facility, the highest standard in data centre accreditation from the Uptime Institute, a New York-based premier certification network.
Noatum Ports, the international ports operating arm of AD Ports Group, signed a memorandum of understanding (MoU) with Al Dahra Agriculture – Egypt, to advance Egypt’s logistics infrastructure and further enhance its position as a regional hub for trade and supply chain solutions.
AD Ports Group has signed a shareholder agreement with Avesto Group, one of Tajikistan’s largest private industrial conglomerates, to establish a new joint venture company that will deliver integrated logistics and freight forwarding services across the country.
ASMO, a joint venture between Saudi Aramco Development Company and DHL, has launched its operations in the Central Pipe Yard, an Aramco facility covering 5 million sq m area that serves as one of the world’s largest logistics hubs for OCTG and Line Pipe materials.
Dubai-based Legend Holding has entered into an agreement with Jebel Ali Free Zone (Jafza) to set up its regional headquarters and logistics complex on a 1 million sq ft area. Construction will be delivered in two phases, starting with space for 5,000 vehicles in April.
The Middle East logistics market is set to double this year compared with 2020, reflecting the scale of investment now flowing into infrastructure, technology, and supply chain modernization, according to a new report.
Saudi Global Ports has broken ground on its new SAR1.3 billion ($346 million) integrated logistics zone at Dammam. Spanning 1 million sq m, the key facility will provide modular warehousing and cold chain units as well as dedicated areas for petchem products.
