Trade agreement set to boost retail in Saudi Arabia


The Saudi Ports authority Mawani has signed an investment agreement with leading consumer technology retailer United Electronics Company (eXtra) to set up a logistics centre at King Abdulaziz Port in Dammam.

The centre is expected to boost the kingdom’s retail sector.

The ten-year deal, valued at 35 million riyals, was signed at the Mawani HQ by its president, Mr Omar Hariri, and Mr Abduljabbar Mohamed Abduljabbar, Chairman at United Electronics Company.

The partnership goes hand in hand with the kingdom’s economic outcomes, in line with the vision drawn up by the National Transport and Logistics Strategy.

To be built over 32,000sq m, the logistics and distribution centre will feature port-centric warehouses and storage areas designed to handle a wide range of multi-brand products and appliances.

King Abdulaziz Port in Dammam has emerged in recent times as a hub offering an integrated suite of logistics services and facilities, including 43 berths, multipurpose terminals, and a 100,000sq m logistics park, alongside a fleet of hi-tech cargo handling equipment.