Saudi Arabia to launch new logistics zone in Jeddah

Project will be open to private investors and aims to diversify economy.
Sunday 13/10/2019
Saudi Arabian women taking a souvenir picture at the corniche in Jeddah, February 12, 2018. (DPA)
Saudi Arabian women taking a souvenir picture at the corniche in Jeddah, February 12, 2018. (DPA)

Saudi Arabia plans to launch a new logistics zone open to private investors, in the Red Sea port city of Jeddah, according to a transport ministry statement on Sunday.

The new zone will be located in al-Khomra, the statement said. It aims to boost the logistics sector to help diversify the kingdom's economy away from oil.

Jeddah is home to one of the kingdom's largest ports.

(Reuters)