Saudi Ports Authority to develop $79m logistics zone at Dammam port

The Dammam logistics zone is part of a broader SR10 billion investment plan to establish 20 integrated logistics hubs across the Kingdom.
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Updated 28 April 2025
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Saudi Ports Authority to develop $79m logistics zone at Dammam port

RIYADH: Saudi Arabia’s General Ports Authority, known as Mawani, has signed a new agreement to develop a SR300 million ($79 million) logistics zone at King Abdulaziz Port in Dammam, further strengthening the Kingdom’s ambition to become a global logistics hub.

The project, launched in partnership with Alissa International Motors — a subsidiary of Abdullatif Alissa Holding Group — will cover 382,000 sq. m. The new facility will serve as a central hub for the import and re-export of vehicles and spare parts, the authority said in a statement.

This initiative aligns with the goals of Saudi Arabia’s National Strategy for Transport and Logistics, which seeks to enhance supply chain efficiency and attract foreign and domestic investment. The Dammam logistics zone is part of a broader SR10 billion investment plan to establish 20 integrated logistics hubs across the Kingdom under the authority’s supervision.

The new facility will feature a 7,000-sq.-m warehouse dedicated to spare parts storage and is designed to accommodate more than 13,000 vehicles.

“This development will strengthen the port’s competitive edge and reinforce its position as a regional logistics center by delivering high-quality logistics services,” Mawani stated.

The authority emphasized that the project would contribute to economic diversification and bolster private sector participation in the Kingdom’s growth.

Already a vital link connecting Saudi Arabia to international markets, King Abdulaziz Port offers state-of-the-art infrastructure and logistics capabilities, making it an attractive destination for global trade companies.

In a separate development, Mawani signed another contract with Sultan Logistics to establish an additional logistics zone at King Abdulaziz Port, valued at SR200 million. Covering 197,000 sq. m, the facility will include 35,000 sq. m of warehouse space, administrative offices, storage yards for dry and refrigerated containers, and a dedicated re-export area.

“These facilities will elevate the quality of logistics services offered at the port and support trade with enhanced operational efficiency,” Mawani added.

The establishment of the new zones is expected to significantly boost King Abdulaziz Port’s operational capacity and competitiveness.

In 2024, Saudi Arabia launched, developed, and inaugurated eight logistics zones and centers, backed by approximately SR2.9 billion in private sector investments. These efforts form part of the Kingdom’s wider strategy to solidify its standing as a leading global logistics powerhouse.


Closing Bell: Saudi main index closes higher at 10,596 

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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.