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.



Energy Fund to Boost Saudi-US Strategic Investments

Heads of companies investing in the energy fund (Asharq Al-Awsat)
Heads of companies investing in the energy fund (Asharq Al-Awsat)
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Energy Fund to Boost Saudi-US Strategic Investments

Heads of companies investing in the energy fund (Asharq Al-Awsat)
Heads of companies investing in the energy fund (Asharq Al-Awsat)

A $5 billion energy investment fund was unveiled in Riyadh on Tuesday during the Saudi-US Investment Forum, held in conjunction with US President Donald Trump’s visit to the kingdom, in a move aimed at boosting bilateral partnerships and stabilizing the global energy sector.

The White House announced in a statement that the fund was among several key initiatives agreed during Trump’s visit, calling it a “historic step” toward deepening economic cooperation between the United States and Saudi Arabia.

Scott Pruitt, who served as the Administrator of the Environmental Protection Agency (EPA), told Asharq Al-Awsat the fund will target strategic investments in the energy sector, focusing primarily on US-based companies.

These include firms supporting existing energy hubs and those developing transitional technologies to advance the global energy future and promote efficient manufacturing.

Pruitt said the fund aligns with Saudi Arabia’s Vision 2030, aiming to invest in companies that can benefit from the kingdom’s business environment while also supporting energy-related infrastructure, services, and manufacturing in the US.

The fund is expected to begin deploying its $5 billion capital in 2025, he added.

Strategic Investment in Energy

Neil Bush, chairman of Skytower Investments, a green technology investment firm, said the energy fund brings together experienced partners in fund management and energy investment.

He noted that it will play a critical role in directing strategic capital toward the future of global energy and efficient production.

The fund naturally targets the development of US infrastructure, bolstering America’s leadership in global energy markets and delivering strong returns to investors, Bush said.

Launched during President Trump’s visit, this initiative sends a strong signal of renewed economic momentum between Washington and Riyadh.

Saudi businessman Abdullah Al-Meleihi, CEO of Saudi Excellence Co., described the fund as more than a capital mechanism, calling it a “bridge of trust and ambition” between the two countries.

He emphasized Trump’s role in creating a climate conducive to innovation and opportunity.

Al-Meleihi said the fund is expected to be fully established and financed in 2025, characterizing it as a model of public-private cooperation and strategic alignment between the US and Saudi Arabia.

He noted that it enjoys robust support from the private sector in both countries as well as international investors, and will focus on energy, technology, artificial intelligence in energy, and advanced industries, while also facilitating knowledge transfer to the kingdom and capital investment in the US.