Shipping giant Maersk has opened a new 225,000 square metre logistics park at Jeddah Islamic Port in Saudi Arabia, its largest in the Middle East.
The $250m project is the largest single-site logistics and services facility in the region and caters for a range of operations from multi-modal connectivity to temperature-controlled warehousing and customs clearance.
Go deeper with GlobalData
Saleh bin Nasser Al-Jasser, Saudi Arabia’s minister of transport and logistics services, said the new facility came during a time of “major and unprecedented leaps” for the Saudi ports sector.
He said: “The Maersk Logistics Park at Jeddah Islamic Port will contribute to service and development in supporting economic activity in the Kingdom and providing highly efficient logistics services to support the movement of trade and export to foreign markets and enhance the work of supply chains and logistics.”
The logistics park has been designed using Maersk’s “integrated logistics strategy” and can be used for B2B and e-commerce warehousing, first and last-mile delivery distribution solutions, intermodal operations between ocean, land and air transport services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
The company has also highlighted the influence of its ambitions to reach net zero by 2040 on the facility, which will draw up to 70% of its electricity from a 32,000 solar panel array installed on the roof, and use electric equipment and trucks for its operations.
Maersk CEO Vincent Clerc said: “I am proud to see that our Logistics Park in Jeddah has become a living example of our integrated logistics strategy, supporting our customers with resilient logistics while implementing the right initiatives to take our decarbonisation journey forward.”
The launch of the new park further highlights the growing interest in the Middle East’s maritime sector from the industry’s biggest players, with Saudi Arabia in particular hoping to capture the majority of that attention.
The country’s $7bn Jeddah port expansion project launched last year was one of the biggest maritime projects of 2023 and will see the port’s capacity increased to 20 million tonnes per year.
