DP World and the Saudi Ports Authority (Mawani) on Sunday signed a 30-year agreement to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port. The agreement, with an investment value of more than Dh490 million ($133.4 million), aims to establish a 415,000 square-metre logistics park with an in-land container depot capacity of 250,000 TEUs (Twenty-foot Equivalent Units) and a warehousing storage space of 100,000 square metres. Future expansions ...