Riyadh – The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the Swiss Mediterranean Shipping Company (MSC), have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi Arabia. Mawani and MEDLOG The investment value exceeds SAR 150 million (about $40 million). To be built over 100,000 square meters, the logistics park will offer a handling capacity of 300,000 TEUs alongside a suite of logistics solutions that facilitate inland freight transportation between the Central and Eastern Regions and the rest of the Kingdom, Mawani said.The latest deal is said to be in line with the goals of the National Transport and Logistics Strategy (NTLS) to position Saudi Arabia as a global logistics hub connecting three major continents.It also aligns with Mawani’s role in building a booming and sustainable maritime sector that fronts the nation’s drive toward socio-economic prosperity while fulfilling key strategic outcomes, according to the port authority. READ MORE