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Jeddah Achieves Major Logistical Advancement with Over One Billion Riyals in Investments
The article focuses on Saudi Arabia's signing, represented by the General Authority of Ports and the Ministry of Transport, of seven strategic agreements to establish advanced logistics centers in Jeddah with an investment value of up to one billion Saudi riyals (approximately $266 million). These agreements aim to enhance Jeddah's position as a global logistics hub, develop port infrastructure, improve maritime services, and expand port operational capabilities by upgrading equipment and increasing the number of maritime services to more than 27, enabling the handling of over 200,000 containers monthly. The projects include partnerships with international companies and five domestic entities, with contracts lasting up to 25 years to ensure sustainable operations and boost trade and supply chains along the country's western coast. These steps are part of an integrated Saudi strategy to strengthen transportation and logistics services and transform Jeddah into a vibrant center that meets international standards.
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