Saudi opens new lo­gis­tics zone in Jed­dah

The Korea Times - - WORLD BUSINESS -

RIYADH (Reuters) — Saudi Ara­bia launched on Sun­day a new lo­gis­tics zone open to pri­vate in­vestors in the Red Sea port city of Jed­dah, as part of a wider in­dus­trial ini­tia­tive to di­ver­sify the econ­omy away from oil and cre­ate jobs for Saudis.

The al Khomra zone — which will sup­port ac­tiv­i­ties around ship­ping, freight dis­tri­bu­tion and trans­port of goods —ex­tends over 2.3 mil­lion square me­ters in Jed­dah, home to one of the king­dom’s largest ports.

As the big­gest lo­gis­tics zone in the coun­try, it hopes to turn Saudi Ara­bia into a global lo­gis­tics hub and cre­ate 10,000 di­rect jobs, said Min­is­ter of Trans­port Nabeel al-Amudi.

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