RIYADH: Saudi Arabia wishes to become a Global Logistics Hub status by 2030 by investing heavily, strategically in technology and infrastructure. King Salman International Airport Development Co. (KSIADC), which is owned by Saudi Arabia’s sovereign wealth fund has teamed up with ewpartners, a firm which focuses on private investment and strategic alliances. The collaboration with Public Investment Fund will help position Saudi Arabia as a kay link between the three continents with progress on National Transport and Logistics Strategy aligning with Vision 2030.
The partnership will look to develop an economic center for e-commerce and distribution at the King Salman International Airport, strengthen the ties between Saudi Arabia and China and enhance supply chains. This will boost regional trade and will also position the airport as a global hub for air freight.
Marco Mejia, acting CEO of KSIADC stated that the partnership is a major step at making the airport a central hub serving regional and international companies, which will drive the country’s economic growth. This collaboration will help KSIADC build and improve logistical infrastructure, boost operational efficiency and create new potential for growth.
Ewpartners’s founder, Jerry Li pointed out that the strategic location of King Salman International Airport with its commercial capabilities will drive innovation and growth in Saudi Arabia’s logistics and e-commerce sectors.
Both parties are looking to invest in areas like infrastructure, digital services, advanced manufacturing and logistics in support of Saudi Arabia’s vision to become a key player in global logistics by 2030.
