Saudi Global Ports (“SGP”) 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.

Notably, 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 Mr 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 2023. The Minister of Energy,

Signing of agreement between Mawani and Saudi Global Ports for the integrated logistics zone at
King Abdulaziz Port Dammam
From left to right:
1) Mr Edward Tah, CEO of Saudi Global Ports
2) H.E. Dr Rumaih Al Rumaih, Deputy Minister for Transport and Logistic Services, Saudi Arabia
3) H.E. Saleh Al Jasser, Minister for Transport and Logistic Services, Saudi Arabia
4) Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Singapore
5) HRH Prince Abdulaziz Bin Salman, Minister for Energy, Saudi Arabia
6) H.E. Omar bin Talal Hariri, President of the Saudi Port Authority (Mawani), Saudi Arabia
7) Mr Vincent Ng, Regional CEO for Middle East and South Asia and Head of Group Business Development,
PSA International

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. There are also plans to incorporate sustainability elements such as hybrid and electric equipment and solar panels into the development.

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. As the operator of the container terminals at KAPD, the Riyadh Dry Port Ecosystem and the future integrated logistics zone, SGP will become wellpositioned as a supply chain orchestrator, realising its vision to become the national champion for resilient and sustainable logistics in Saudi Arabia.

Signing of the MOU of cooperation between the Ministry of Investment and Saudi Global Ports at
the 3rd Saudi-Singapore Joint Committee
From left to right:
1) Mr Vincent Ng, Regional CEO for Middle East and South Asia and Head of Group Business Development,
PSA International
2) Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Singapore
3) H.E. Saleh Al Jasser, Minister for Transport and Logistic Services, Saudi Arabia
4) H.E. Saleh Al Khabti, Deputy Minister of Investment Transactions, Ministry of Investment, Saudi Arabia

SGP had 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 2023 in Riyadh, Saudi Arabia.
Source: Saudi Global Ports