The logistics company Globe Express Services said it has opened its Dammam Terminal Yard in Saudi Arabia (KSA).
The 23,000-square-meter facility replaces an office GES had operated in Dammam since 1995, with the the new terminal yard located at the Dammam Sea Port Zone on the Arabian Gulf. The new facility is meant to complement the company’s existing facilities in Jeddah on the Red Sea and in Riyadh serving Saudi Arabia’s central region.
GES said it spent $2 million on the new yard and $3 million to increase its truck and trailer fleet, and to acquire new handling equipment.
Key development projects such as the King Abdullah Economic City are driving the long-term expansion plans of GES in Saudi Arabia. King Abdullah Economic City is designed to serve as the future hub for at least 2,700 manufacturing companies, while it will also include a 13.8-square-kilometer port.
“Aggressive investments in large-scale projects are being undertaken by the KSA Government to diversify its economy, a trend that has helped establish the Saudi market as a very important area for exports and imports,” said Ziad Korban, chief executive officer of GES’ overseas group. “Moreover, the government has been actively cultivating the growth of the logistics sector by introducing new polices, incentives, regulations and infrastructure, creating excellent opportunities for Globe Express Services (Overseas Group) to grow and expand in the country."
GES recently completed development of a project in Dubai’s Jebel Ali Free Zone. - Eric Johnson