Arab News
Trade Arabia, Saturday, Feb 22, 2025 | Shaban 23, 1446
Modon seeks bids for Dammam logistics zone development
Saudi Arabia: Saudi Authority for
Industrial Cities and Technology Zones (Modon), in collaboration with the
National Center for Privatization & PPP (NCP), has announced the launch of the
Expressions of Interest (EOIs) for the Logistics Zone Development in Dammam 2nd
Industrial City.
Spanning approximately 850,000 sq m area, the project is strategically located
within Dammam 2nd Industrial City and will serve as a key enabler for trade,
cross-border connectivity, and industrial expansion.
The development will include modern logistics facilities, warehousing solutions,
and operate and maintain the infrastructure, ensuring seamless integration with
both existing and future industrial activities. The site will comprise, among
other components, a gated public area, a non-gated public area, leasable spaces,
and a dedicated utilities infrastructure area.
This project, a Public-Private Partnership (PPP), will be implemented on a
Design-Build-Finance-Operate–Maintain-Transfer (DBFOMT) contract with a period
of 30 years.
Modon said the Logistics Zone Development Project aims to enhance the kingdom’s
logistics infrastructure to support Saudi Arabia’s vision of becoming a global
logistics hub.
As part of the project scope, the private sector partner will be responsible for
securing finance, designing and constructing leasable areas, and maintaining
infrastructure, managing operations and maintenance, and commercializing the
project through tenant attraction, leasing, and revenue generation, it stated.
This project aligns with Saudi Arabia’s Vision 2030 by fostering private sector
participation, driving economic diversification, and strengthening the country’s
logistics ecosystem, it added.