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Saudi Ports Authority (Mawani) has signed an agreement with DP World, a global supply chain solutions leader, for the establishment of a fully-integrated smart logistics park in Jeddah Islamic Port at an investment of over SR500 million ($133 million).
Saudi Ports Authority (Mawani) has signed an agreement with DP World, a global supply chain solutions leader, for the establishment of a fully-integrated smart logistics park in Jeddah Islamic Port at an investment of over SR500 million ($133 million).
During the meeting, both sides agreed on the work mechanism of the committee, its organizational structure, and working on several initiatives and issues of joint interest in a bid to enhance cooperation with the Singaporean side and enhance exchanging expertise between the two sides in a way that contribute to realizing joint goals.
Saudi Arabia aims to enhance the contribution of its transport and logistics services sector to the GDP to more than 10% by 2030, said Minister of Transport and Logistic Services Eng Saleh bin Nasser Al-Jasser.