SAL & KAEC Sign a Memorandum of Cooperation to Bolster Saudi Arabia’s Logistic Service Sector
The Saudi Arabian Logistics Company SAL has signed a memorandum of cooperation with King Abdullah Economic City in order to provide further support to both logistics sector in the Kingdom and King Abdullah Economic City. The signed memorandum by Mr. Omar Hariri, CEO of SAL, and Mr. 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, Mr. Omar Hariri emphasized on the importance of this strategic partnership and its role to enhance the cargo ground handling services from and to KAEC. He also mentioned that selecting KAEC was a perfect choice due to its unrivaled logistic position in the region and prominent strategic economic and investment location. He added that SAL would utilize all its logistic capabilities to take advantage of the competitive benefits of what the Industrial Valley at KAEC has to offer.
Commenting on the memorandum, Mr. 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.”
SAL is the logistic arm of Saudi Arabian Airlines offering premium cargo handling services to airline carriers at Saudia Arabia’s domestic airports and a multi-model connectivity service.
Thanks to its competitive privileges, 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. What makes the Industrial Valley so special is its connection with King Abdullah Port and the International Flight Network, not to mention the fully integrated facilities, housing solutions and social services that remain affordable to all budgets. 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.
About King Abdullah Economic City
KAEC is one of the largest private sector economic projects on the global level spanning over 185 million square meters on the Red sea coast north of Jeddah. The city provides a unique successful representation of the Kingdom’s vision in terms of housing, work and leisure. KAEC takes confident steps towards establishing its name as a catalyst for social and economic development in the Kingdom through focussing on four main strategic sectors. These are the industrial and logistics services sector - including King Abdullah Port and Industrial Valley, the quality of life sector, tourism and entertainment sector, and the business sector – including diverse projects and programs to support and empower youth and developing human capabilities. The main developer of KAEC is Emaar The Economic City, a Saudi public joint company established in 2006 and listed on stock market “Tadawol”.