KAEC ties up with Petromin for logistics service center for Nissan vehicles

Jan 12, 2017: King Abdullah Economic City (KAEC) has inked a deal with Petromin to lease 193,917 square meters of land to build a logistics service center for Nissan vehicles.

“King Abdullah Economic City’s efforts are focused on boosting the competitiveness of the Industrial Valley as a regional manufacturing and logistics hub,” said Fahd Al-Rasheed, Group CEO and Managing Director of KAEC.

Al-Rasheed further added that that their quality of infrastructure in addition to its facilities and procedure enhancements will surely attract national and global manufacturing as well as logistics giants. This, in turn, will give further boost to achieve the strategic vision that the government has set for this industry city.

Samir Nawar, Chief Executive Officer of Petromin pointed out the importance of both sides working together as a team bode well for the performance and investments.

“There are so many favorable aspects that make the Industrial Valley the perfect place for us to expand our investments, including the city’s strategic location, the commencement of operations at the hugely capable King Abdullah Port, and the sheer ease of doing business thanks to the record time in obtaining the necessary permits and licensing from the Economic Cities Authority,” he said.

Petromin Express has more than 600 service centres across the Kingdom and is the biggest provider of quick automotive services. The company is the world’s eighth biggest automotive service network and is the official Nissan Motors dealer in Saudi Arabia.

Commenting on the new partnership, Rayan Qutub, CEO of the Industrial Valley, said that the deal highlights the growing demand for space in the Industrial Valley from major national corporations, thus impressing on significant value to the automotive sector.

Qutub believes that the automotive sector is a grand success in the Industrial Valley. He further added that the strategic location of the Industrial Valley, its logistical access, the re-export zone which is on the way and the opening of the roll-on/roll-off pier of the port are factors that are contributing to developing the Industrial Valley as a primary base of operations for the sector.