The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have signed an agreement to set up a one billion Saudi riyals ($267.65 million) integrated logistics park at Al Khumrah, south of Jeddah.

Spread over three square kilometres, the logistics park comprises three zones that include shared warehouses, medium-sized storage yards and single warehouses, and large storage yards and on-demand warehouses, Mawani said in a statement.

The various zones will meet the requirements of importers and exporters of stocking multipurpose cargo, chilled and frozen goods, food commodities, and fragile goods.

The park will also provide move-in-ready warehouses, storage yards, re-export zones, custom storage, logistics amenities, commercial units, residential units, staff accommodation, and infrastructure such as roads and green spaces.

No details were given on construction timelines.

The park is set to create over 10,000 direct and indirect job opportunities in the logistics sector, the statement added.

(Writing by D Madhura; Editing by Anoop Menon)

(anoop.menon@lseg.com)