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Mawani + SAR ink partnership agreement: Saudi Ports Authority (Mawani) has inked a partnership agreement with Saudi Railway Company (SAR) to boost rail and maritime transport connectivity in the Kingdom, according to a press release. The agreement sees the pair committing to boosting logistical movements at industrial and commercial ports. No details regarding an investment ticket or timeline were disclosed in the statement.
Details: The partnership looks to streamline integration via rail, to and from ports, for the transport of containers, bulk materials, and general cargo, with SAR’s railway links at Damman’s King Abdul Aziz Port, Jubail’s King Fahd Industrial Port, Jubail Commercial Port, and Ras AlKhair Port set to play a pivotal role in the arrangement.
It also aims to boost the efficiency of services to exporters and importers, playing up the efficiency and reliability of rail and the possibility of lower carbon emissions. Mawani and SAR will also swap know-how as part of the tie-up.
Mawani is doubling down on multimodal links: The port authority inked an MoU in mid-2023 with the General Authority of Civil Aviation and the Zakat, Tax and Customs Authority to enhance connections between air and sea ports here. The three-party agreement looks to upgrade customs services and logistics operations, and integrate freight operations at air and sea terminals.
