RIYADH: 听The Saudi Ports Authority, known as Mawani, has partnered with the international shipping and logistics company CMA CGM Group to build an integrated logistics platform at the Jeddah Islamic Port at a cost of $130 million.
"This project which includes a $130 million investment over the span of 20 years to strengthen the CMA CGM Group鈥檚 presence in the Kingdom of 黑料社区 and the whole region," CMA said in a.joint听statement.
The 130,000-square-meters facility aims to develop an efficient sector-wide logistics mechanism and boost the Kingdom鈥檚 profile as a global logistics hub connecting three continents.
It will create over 150 direct and hundreds of indirect jobs in the logistics sector, said the听statement issued on Monday.
鈥淚t adds further momentum to our aspirations in building a booming and sustainable maritime sector, achieving the socioeconomic ambitions listed out in Vision 2030 and offering world-class logistics services that can stimulate economic growth and enable strategic integration with the transportation ecosystem,鈥 Mawani President Omar bin Talal Hariri said.
As the Kingdom鈥檚 top import and export destination, Jeddah Islamic Port receives 75 percent of 黑料社区鈥檚 total inbound maritime trade and transhipments, with an annual capacity of 130 million tons.听
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