RIYADH, Saudi Arabia : J&T Express, an international express logistics company, today announced at LEAP that it will set up its MENA regional headquarters in Riyadh, the capital city of the Kingdom of Saudi Arabia, and build the largest smart logistics industrial park in the region together with eWTP Arabia Capital and other partners.
Held in Riyadh from February 1-3, 2022, LEAP Summit is a leading global technology event in Saudi Arabia, featuring over 700 emerging technology startups. Jet Lee, Founder and Chairman of the J&T Group, delivered a keynote speech via video at the summit, announcing that J&T Express will set its MENA regional headquarters in Riyadh, the capital city of the Kingdom of Saudi Arabia, and build the largest smart logistics park in the region. He shared that the industrial park will meet the growing logistics demands in the region, serve J&T's consumers and partners, and enhance delivery service experiences.
Representing the Saudi Arabian government, the General Authority of Civil Aviation (GACA) signed a memorandum of understanding (MoU) on the smart logistics industrial park project with J&T Express and eWTP Arabia Capital. H.E. Eng. Khalid Al-Falih, Minister of Investment of Saudi Arabia, H.E. Eng. Abdullah Alswaha, Minister of Communications and Information Technology of Saudi Arabia, His Excellency the President of GACA, Mr. Abdulaziz Al-Duailej, and the Chairman of Saudi Federation for Cyber Security, Programming and Drones (SAFCSP), Board Member of Communications and Information Technology Commission (CITC), Mr. Faisal Alkhamisi, attended and witnessed the signing ceremony.
With the signing of the project, J&T Express is committed to cultivate professional talents, invest in advanced technology and equipment, and build the largest smart logistics industrial park in the MENA in the next ten years, making Saudi Arabia a global hub and strategic operation center for the entire regional market. The logistics park will include world-class sorting centers, auto warehousing systems, air cargo terminals, e-commerce industrial parks and modern industrial parks. It will provide the most advanced tech-driven services to its ecosystem partners in the near future and foster robust growth in the local retail and manufacturing sectors with the goal of making Saudi Arabia a pivotal gateway that bridges Asia, Europe, and Africa and helping Saudi Arabia achieve Vision 2030. This initiative is also greatly supported by the MENA venture capital eWTP Arabia Capital and other partners.
eWTP Arabia Capital's Managing Partner Jerry Li commented at the event, "It's a great pleasure for eWTP Arabia to participate in this project as a partner to further support J&T Express' operations in the MENA region and fuel its global network development. Together with J&T Express, we are confident to support more tech-driven innovative companies, supply chains and brands in China, who are looking to win over the global market."
In January this year, J&T Express launched its business in both the Saudi Arabia and the United Arab Emirates (UAE) markets. With its national self-owned distribution networks and localised warehousing systems, the company has successfully achieved full coverage in both countries.
Since its establishment in 2015, J&T Express has always adhered to a global mindset. With its unique operation model and active market expansion, it has rapidly built its own delivery network in 10 countries across the pan-Asia Pacific region to meet the growing demand of users for cross-border services. J&T Express will continue exploring opportunities in emerging markets as part of its global strategy to connect the world with greater efficiency and bring logistic benefits to all.
-Ends-
About J&T Express
Founded in August 2015, J&T Express is a rapidly-growing international delivery company, with its core business in express services and cross-border logistics. J&T Express is committed to continuously creating integrated quality experiences for its customers globally. J&T Express' network spans ten countries including China, Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia, Singapore, the UAE and Saudi Arabia, and serves over 2 billion people.
© Press Release 2022
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
