Middle East’s Largest Logistics Park Runs on Renewable Energy in Western Saudi Arabia

 The logistics park will offer a set of clean logistical solutions that would connect and facilitate the movement of supply chains. (Asharq Al-Awsat)
The logistics park will offer a set of clean logistical solutions that would connect and facilitate the movement of supply chains. (Asharq Al-Awsat)
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Middle East’s Largest Logistics Park Runs on Renewable Energy in Western Saudi Arabia

 The logistics park will offer a set of clean logistical solutions that would connect and facilitate the movement of supply chains. (Asharq Al-Awsat)
The logistics park will offer a set of clean logistical solutions that would connect and facilitate the movement of supply chains. (Asharq Al-Awsat)

The Saudi Ports Authority (Mawani) and Maersk announced on Wednesday the launching of the biggest comprehensive logistics zone in the Middle East at the Jeddah Islamic port, in western Saudi Arabia.

In a statement, Mawani said that the logistics park, which will stretch over an area of 225,000 square meters, was being built at a total investment of SR1.3 billion ($346 million). Once operational, it will provide over 2,500 direct and indirect jobs.

The logistics park will offer a set of clean logistical solutions that would connect and facilitate the movement of supply chains, and deal with annual volumes of up to 200,000 containers of various products. The project is expected to be completed during the first quarter of 2024.

The area operates using renewable energy and applying solutions to decarbonize logistics services to achieve net zero emissions by 2040. It will be powered by 100 percent solar energy generated from rooftop panels spread over 65,000 square meters.

The trucks used for transportation will be electric cars to effectively reduce emissions.

According to the statement issued by Mawani, the zone will operate based on an advanced warehouse management system that applies modern technologies and digital solutions to manage inventory efficiently and provide unit-level tracking.

Moreover, the zone will have an advanced dashboard, which will improve competencies and build a competitive advantage for the beneficiaries of importers, exporters and shipping agents, in addition to an internal women’s academy that provides specialized training programs for women.

Omar Hariri, President of Mawani, emphasized the importance of the project, which he said would contribute to achieving the goals of the national strategy for transport and logistics services.

The zone will include storage and distribution areas that accommodate exports and imports of general merchandise, warehouses for refrigerated food products, in addition to an area for transshipment, air freight, and LCL goods, and an e-commerce center.

The project falls within the framework of the initiatives launched by Mawani to develop and offer investment opportunities for the private sector, and increase the number of logistical regions that include re-export to reach 30 zone by 2030.

It also comes in line with the objectives of the National Strategy for Transport and Logistics Services, which aim to consolidate the Kingdom’s position as a global logistics center.

The statement noted that the comprehensive logistics zone at the Islamic port of Jeddah would support the growth of the logistics industry, contribute significantly to the economy and increase the volume of the Kingdom’s non-oil export share by 50%, creating growing career opportunities in the logistics sector.



French Minister: EU Still Far from Tariff Deal with US

French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
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French Minister: EU Still Far from Tariff Deal with US

French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP

The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, as the bloc seeks a way out from trade tensions with Washington.

US President Donald Trump has slapped new 10 percent tariffs on most trading partners since returning to the White House in January, and imposed sharp levies on imports of steel, aluminum and autos, AFP reported.

The EU has not been spared, and a 90-day pause on even higher rates, including for goods from the bloc, is due to expire in early July.

"We're not going to hide the fact that we're still a long way from an agreement," said French economy minister Eric Lombard in an interview with journalists on the sidelines of the International Monetary Fund and World Bank's spring meetings in Washington.

But at an IMF event Thursday, German Finance Minister Joerg Kukies said he was hopeful both sides could reach a deal before the 90-day window closed.

"We're optimistic that it will work, the sooner, the better," he said.

France's Lombard maintained that talks with US officials were warm.

He said he met this week with director of the White House National Economic Council Kevin Hassett, US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.

Lombard noted a desire from his counterparts to "move forward as quickly as possible," adding that Europeans have been described as friends and allies in the context of these talks.

He said both sides are looking for areas where they can make progress, adding that "workstreams" have been opened up to remove obstacles to exchanges.

Adding that Trump's new tariffs weigh on the US economy, Lombard said he hopes these effects "will push the administration to propose adjustments."

"We want tariffs to return to previous levels, and even lower if possible," he said, adding that he expects "ups and downs" in negotiations.

Earlier this year, Trump accused the 27-nation bloc of being created to "screw" the United States.

The White House has also said Trump's "reciprocal tariffs" were focused on countries that had been "ripping off" the world's biggest economy.