SAL & KAEC sign a memorandum of cooperation to bolster Saudi Arabia's logistic service sector

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

  
SAL KAEC sign a memorandum of cooperation to bolster Saudi Arabia's logistic service sector

King Abdullah Economic City: The Saudi 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.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

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.

More From Press Releases