Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity
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Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

The Saudi Ports Authority (Mawani) and the Saudi Arabia Railways (SAR) inked an agreement to bolster maritime and rail transportation connectivity, reported the Saudi Press Agency on Tuesday.

This strategic alliance boosts the logistics at the industrial and commercial ports in the Kingdom, thus contributing significantly to the objectives outlined in the National Transport and Logistics Strategy (NTLS) and aligning with the goals of Saudi Vision 2030.

Mawani President Omar Hariri and SAR CEO Dr. Bashar bin Khaled Al-Malik signed the agreement at Mawani's headquarters in Riyadh.

The agreement will bolster the Kingdom's competitive edge and support trade by offering secure, sustainable transportation solutions that aim at reducing carbon emissions and improving the efficiency of logistical operations.

The initiative will contribute to solidifying Saudi Arabia's position as a leading global logistics hub effectively bridging three continents.

Mawani aspires to achieve seamless integration with SAR in container transport, bulk materials, and general cargo via rail to and from ports. SAR's extensive rail network, which connects major ports, such as King Abdulaziz Port in Dammam, King Fahd Industrial Port in Jubail, Jubail Commercial Port, and Ras Al-Khair Port, plays a crucial role in this integration.

The partnership will improve the quality of service offered to exporters and importers by introducing innovative logistics services that make exports and imports transported by rail more efficient, and provide solutions to customers' logistics challenges.

The agreement also aims to assess user satisfaction with rail services and logistics support, and identify and implement improvements. It also entails collaboration in planning and executing marketing campaigns to promote rail transportation.

The goal is to transform the Kingdom into a critical logistics corridor between the East and the West.



ROSHN Group Signs SAR1.5 Billion Agreements

ROSHN Group Signs SAR1.5 Billion Agreements
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ROSHN Group Signs SAR1.5 Billion Agreements

ROSHN Group Signs SAR1.5 Billion Agreements

ROSHN Group, the Kingdom’s leading multi-asset class real estate developer and a PIF company, reinforced its commitment to fostering local content and driving economic growth at the third edition of the PIF Private Sector Forum. As part of its active participation, ROSHN Group announced new agreements worth SAR1.5 billion for construction operations and the development of infrastructure and retail facilities in SEDRA Community, the Group’s largest integrated development in Riyadh, SPA reported.
The agreements signed during the forum reflect ROSHN Group’s strategic efforts to strengthen the Kingdom’s construction sector, expand local expertise, and enhance supply chain localization. The contracts were awarded to local, Saudi-based contractors and a major international firm investing in local operations, further solidifying ROSHN Group’s role in enabling national capabilities.
The agreements were signed with several leading national and international contracting companies investing in the local market. The first agreement, valued at SAR650 million, was signed to develop more than 900 residential units and sports facilities at SEDRA Community. Another agreement was signed for the development of more than 700 residential units, supporting the continued expansion of the integrated community SEDRA. In addition, a SAR130 million agreement was signed for covering the construction of SEDRA’s first district retail mall. A fourth agreement, worth SAR720 million, was signed with for the development of more than 300 premium residential units in SEDRA.
"Our mandate at ROSHN Group extends beyond developing integrated projects; it plays a vital role in advancing Saudi Arabia’s economic diversification by strengthening local industries and expanding national capabilities," said Iain McBride, Executive Director, Commercial, ROSHN Group.