Saudi Global Ports (SGP), a member of the PSA Group, has reaffirmed its commitment to the transformation of Saudi Arabia’s ports and logistics through expanded partnerships with the Saudi Ports Authority (Mawani) and the Saudi Ministry of Investment.

SGP and Mawani signed an agreement to establish an approximately 1 million square metres integrated logistics zone at King Abdulaziz Port Dammam (KAPD). The agreement was signed by the President of Mawani His Excellency Mr Omar bin Talal Hariri and the CEO of SGP Edward Tah, in the presence of Saudi Arabia Minister for Transport and Logistic Services His Excellency Saleh Al Jasser and Singapore Minister for Manpower and Second Minister for Trade and Industry Dr Tan See Leng in Riyadh, Saudi Arabia on 19 October. The Minister of Energy, His Royal Highness Prince Abdulaziz Bin Salman and Deputy Minister for Transport and Logistic Services His Excellency Dr Rumaih Al Rumaih were also present. The signing took place in tandem with Singapore Prime Minister Lee Hsien Loong’s official visit to Saudi Arabia.

Under the agreement, SGP is slated to invest about SAR 1 billion (USD 267 million) to develop the integrated logistics zone and is studying the options for bonded warehouses and modern cold store capabilities.

The development of the integrated logistics zone builds on SGP’s continuing partnership with Mawani on its Vision 2030 roadmap to transform Saudi Arabia into a global logistics centre and hub connecting Asia, Africa and Europe.

SGP has also signed an MOU with the Ministry of Investment at the 3rd Saudi-Singapore Joint Committee Meeting (SSJC) to jointly identify investment opportunities in the supply chain and logistics sector, including in the training and development of the workforce and port-ancillary services. The SSJC was co-chaired by Minister Saleh Al Jasser and Minister Tan See Leng on 17 October in Riyadh, Saudi Arabia.

PSA International Regional CEO of Middle East and South Asia and Head of Group Business Development Vincent Ng said, “PSA is excited to be part of the dynamic growth in the transport and logistics services sector in the Kingdom. We remain committed to being alongside Saudi Arabia’s Vision 2030 journey and stand ready to support with PSA’s expertise and experience in supply chain orchestration and the development of logistics zones.”

For more information, please click HERE for the press release.