LogiPoint, a Saudi logistics real estate company, said it has signed a strategic partnership deal with United Warehouse Company (UWC) to develop a ‘Built-to-Suit’ multipurpose facility over a 15,000-sq-m area in Jeddah.
The UWC facility will be set up in LogiPoint’s logistics hub located in the heart of Modon, Jeddah Industrial City 1.
The Jeddah Logistics Hub (JLH) is a 120,000-sq-m fully integrated logistics platform enabling industrial area users to optimise and streamline their logistics operations.
This will be a state-of-the-art facility designed to include frozen, chilled, ambient and dry sections and will, therefore, enable UWC to cater to the full spectrum of warehousing clientele ranging from meat and poultry to dairy to foodstuff to raw materials for manufacturing.
There are options to build specialized distribution centers and warehouses to serve factories and businesses located in industrial cities and help them leverage supply chain efficiencies.
Parking spaces for over 350 trucks and distribution vehicles ensure seamless and efficient operations during even peak hours, said the statement from LogiPoint.
Understandably, JLH will also be home to support services businesses like facilities management, heavy machinery and truck maintenance workshops, and other ancillary businesses catering to the logistics hub tenants and users, it stated.
LogiPoint CEO Farooq Shaikh said the logistics landscape in the kingdom was transforming rapidly and that there was a growing need for developing logistics eco-systems which enabled agility and efficiency through reducing supply chain waste and related costs.
"The JLH is a self-contained logistics eco-system, a value creation platform which enables our clients to set and achieve ambitious targets in speed, efficiency and operational excellence in supply chain," stated Shaikh.
"Our agreement with UWC underscores the importance of strategic partnerships in designing and delivering next-generation advanced logistics solutions in the kingdom," he stated.
"This aligns perfectly with our commitment to the Saudi Vision 2030 goal of transforming the kingdom into a futuristic supply chain and logistics hub in the region," he added.
UWC Managing Director Engineer Fathi Baisa said the logistics sector and the industrial sector were twins in terms of integration in services, as the development in the logistics system has a great impact on the development of the industrial sector by raising efficiency and speed in supply chains."
"The agreement is an important step in achieving the requirements of the Kingdom's 2030 vision for logistics services in terms of transforming the kingdom into a global logistics centre," he added.-TradeArabia News Service