King Abdullah Economic City (KAEC) has signed a memorandum of cooperation with a national company in order to provide further support for both logistics sector in the Kingdom and King Abdullah Economic City.
The memorandum 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.
The Company’s CEO emphasized 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.
“This memorandum aims to enhance 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,” CEO of KAEC Ahmed Linjawy said.
“The signing of this memorandum is parallel with Saudi Arabia’s 2030 vision to become a global logistic hub and cements the Industrial Valley’s position as an important logistic connection point for the east and west trade routes.” He added.