Logistics company Globe Express Services (GES) has opened a terminal yard at Dammam’s King Abdul Aziz sea port in Saudi Arabia.
It consists of a 23,000-square-metre facility, including an open storage area, warehouses and office buildings.
GES invested $2m for the construction of the Dammam terminal yard and spent a further $3m increasing the company’s fleet of trucks, trailers and new handling equipment.
The logistics firm has had an office in Dammam since 1995 and already has facilities in place in Jeddah on the Red Sea and in Riyadh.
GES says its interest in Saudi Arabia is fuelled by large-scale projects such as the King Abdullah Economic City (Kaec), a development that is set to accommodate 2,700 manufacturing companies and will see the construction of a port with a capacity of at least 10 million twenty-foot equivalent units (TEUs).
Dammam’s port is second only to Jeddah’s port in terms of its volumes of exports and imports.
GES is also strengthening its presence in the UAE, having opened a warehouse facility in Jebel Ali’s free zone in July, while looking at the possibility of opening up in Abu Dhabi.