SAL, KAEC sign deal to boost Saudi’s logistics sector

• The Industrial Valley at KAEC serves as an attractive destination for the world’s reputed food and pharmaceutical firms.

February 15, 2021: The Saudi Logistics Company (SAL) has signed a memorandum of cooperation with King Abdullah Economic City (KAEC) in order to provide further support to both logistics sector in the Kingdom and KAEC. The signed memorandum by Omar Hariri, CEO of SAL, and Ahmed Linjawi, CEO of KAEC, focuses on enhancing logistics services and contributes to creating promising logistic and economic opportunities in conjunction with Saudi Arabia’s ambitious 2030 vision to transform the Kingdom into a global logistic hub.

Commenting on the event, Hariri emphasised on the importance of this strategic partnership and its role to enhance the cargo ground handling services from and to KAEC.

Commenting on the memorandum, Ahmed Linjawi, said, “This memorandum aims to enhance the strategic partnerships we enjoy with different public and private entities and is part of our continuous efforts to provide investors from inside and outside the Kingdom with a comprehensive stimulant investing environment to support and diversify the national economy. The signing of this memorandum is parallel with KSA’s 2030 vision to becoming a global logistic hub and cements the Industrial Valley’s position as an important logistic connection point for the east and west trade routes.”

The Industrial Valley at KAEC serves as an attractive destination for the world’s reputed food and pharmaceutical firms offering investors with high quality logistic and integrated infrastructure services. The Economic Cities & Special Zones Authority (ECZA) is the sole regulator of KAEC, which serves as the facilitator of all governmental procedures and ensures a comfortable and stimulant environment for all investors in and outside the Kingdom.