Investment of SAR 300mn to enhance logistics capabilities in Saudi Arabia
MEDLOG, the logistics arm of the Mediterranean Shipping Company (MSC), has announced a strategic collaboration with King Abdullah Port to establish a state-of-the-art cold storage facility. Port Development Company (PDC), the owner and master developer of King Abdullah Port, is partnering with MEDLOG to drive this transformative project.
This groundbreaking project will entail an investment of SAR 300mn and will cover an expansive 60,000sqm. The new facility is aims to significantly enhance MEDLOG’s operational capabilities in Saudi Arabia, offering advanced storage solutions for perishable goods.
It will feature cutting-edge technology to maintain the highest standards of temperature control and product preservation, aligning with MEDLOG’s commitment to excellence in logistics and supply chain management.
The collaboration between MEDLOG and PDC marks a key milestone in the development of King Abdullah Port as a major logistics hub in the region. By combining PDC’s expertise in port development with MEDLOG’s extensive experience in shipping and logistics, this partnership is set to drive growth, innovation, and operational efficiency in the logistics sector.
Transformative project
“We are thrilled to partner with Ports Development Company on this transformative project. The new cold storage facility at King Abdullah Port will enhance our logistics capabilities and support our customers’ needs for high-quality storage solutions. Together, we are committed to delivering state-of-the-art facilities that meet the highest standards of efficiency and sustainability,” asserted Hisham Alansari, Managing Director, MEDLOG Saudi Arabia.
“The establishment of this new cold storage facility in partnership with MEDLOG marks a significant step forward for King Abdullah Port and aligns with our vision to position the port as a premier logistics hub in the region,” observed Jay New, Chief Executive Officer, PDC.
This investment underscores MEDLOG’s dedication to supporting Saudi Arabia’s Vision 2030, a strategic framework aimed at diversifying the economy and reducing dependence on oil. The new cold storage facility is expected to generate numerous job opportunities and stimulate economic activity in the region, contributing to the Kingdom’s long-term economic goals, a press statement concluded.
