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A. P. Moller Maersk, an integrator of container logistics, has signed an agreement with Saudi Ports Authority, Mawani, committing to an investment of $136 million (510 million Saudi Riyals) over a period of 25 years to set up an integrated logistics park at the Jeddah Islamic Port in Saudi Arabia. Maersk operates in 130 countries and employs 80,000 people.
The greenfield project spread over an area of 205,000 square metres will be the first of its kind at the Jeddah Islamic Port offering an array of solutions with an aim to connect and simplify the supply chains of importers and exporters in the Kingdom. Maersk will also be investing heavily in renewable energy to power this facility and eventually achieve carbon-neutrality. The project is expected to create more than 2,500 direct and indirect jobs in Saudi Arabia, the company said in a press release.
Saudi Arabia’s Vision 2030 lays great importance in capitalising the Kingdom’s strategic location to build its role as an integral driver of international trade connecting the continents of Africa, Asia and Europe. Vision 2030 aims at more than tripling the share of non-oil exports from Saudi Arabia from its current levels to reach 50 per cent of its total exports. It aims at substantially raising the Kingdom’s global ranking to top 25 in the logistics performance index to ensure that Saudi Arabia becomes the regional leader in logistics.
A. P. Moller Maersk, an integrator of container logistics, has signed an agreement with Saudi Ports Authority, Mawani, committing to an investment of $136 million (510 million Saudi Riyals) over a period of 25 years to set up an integrated logistics park at the Jeddah Islamic Port in Saudi Arabia. Maersk operates in 130 countries and employs 80,000 people.
The bonded and non-bonded warehousing & distribution (W&D) facility will cover more than 70 per cent of the total area while the remaining part will act as a hub for transhipment, air freight and LCL cargo. The W&D part will have several different sections to accommodate general warehousing (food and beverages, furniture, automobiles, chemicals, textile and apparel and machinery, appliances and electronics) and cold chain storage (fruits and vegetables, protein and confectionery and consumables). To cater to the rapid penetration of e-commerce in Saudi Arabia, the facility will also have a dedicated e-commerce fulfilment centre. The integrated logistics park will be able to handle annual volumes close to 200,000 TEUs across different products, according to Maersk.
Maersk will deploy state-of-the-art warehouse management system that implements modern technologies and digital solutions for efficient inventory management, track and trace at unit-level and offers rich dashboards for higher visibility and deeper insights. These systems will help in improving efficiencies and build a cost competitive edge for Maersk’s customers.
“We are building an innovative, digital and technologically-advanced logistics infrastructure on the foundations of our strong network of global shipping and logistics and services to create value for customers in the region. Our ambition is not only to connect and simplify our customers’ supply chains, but also be a catalyst in the growth of trade and economies through our customer-centric solutions,” Richard Morgan, managing director, Maersk West & Central Asia said in a statement.
Maersk is also charting its path to make the facility carbon-neutral eventually. The warehouses, cold storages and office buildings will all be powered with renewable solar energy. Even the yard machinery including forklifts, reach stackers, empty container handlers, trucks and other vehicles deployed for the movement of cargo will be electric.
Fibre2Fashion News Desk (GK)
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