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Sun 13 Oct 2019 04:54 PM

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Saudi Arabia announces plans to develop the kingdom's largest logistics area

The first phase of the project is set to cover a land area of more than 2 million sq m

Saudi Arabia announces plans to develop the kingdom's largest logistics area
The Al Khomra Logistics Zone is particularly significant due to its proximity to international trade routes and ample road connections to Jeddah Islamic Port and King Abdulaziz International Airport.

The Saudi Ports Authority (Mawani) has announced the launch of Al Khomra Logistics Zone, the kingdom’s largest such integrated logistics area.

The first phase of the project is set to cover a land area of more than 2 million sq m, with over 1 million sq m of grass flat area that will be made available to investors under a lease model.

The logistics zone seeks to provide enhanced infrastructure to help the kingdom being increasingly competitive in line with the goals of Saudi Vision 2030.

Mawani’s president, Saad bin Abdulaziz Alkhalb said that Al Khomra was a “major leap” in Saudi Arabia’s logistics sector, adding that the zone is expected to open up a number of new investment and business opportunities.

The Al Khomra Logistics Zone is particularly significant due to its proximity to international trade routes and ample road connections to Jeddah Islamic Port and King Abdulaziz International Airport.

Al Khomra’s location on the Red Sea coast – in which 13 percent of global maritime trade passes – will make it a vital hub on the Belt and Road Initiative (BRI), Alkhalb added.

Additionally, Mawani has launched a plan to optimise the potential and capacity of Saudi Arabia’s ports by offering integrated logistics services and banded and re-export zones.

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