Stakeholders Jeddah Islamic Port and Saudi Customs will re-structure and facilitate the export processes
In a major milestone accomplishment, LogiPoint, a subsidiary of Saudi Industrial Services Company–SISCO and the leading logistics business and the largest bonded and re-export zone in the Kingdom of Saudi Arabia, has concluded a key agreement with Aramco Chemicals Company (ACC).
LogiPoint is a Saudi Arabian joint stock company listed on Kingdom’s only Tadawul Stock Exchange
With extensive support from stakeholders Saudi Customs and Jeddah Islamic Port, the country’s principal and busiest port, to re-engineer the export processes, this agreement provides ACC with a strategic export logistics hub.
Furthermore, this helps eliminate the need to use an intermediary overseas hub for storage and onward shipping of their cargoes therefore enhancing its ability to provide cost-effective solutions.
The cargo is then dispatched directly to the target market, ensuring efficient services and reduction of the export processing time from one week to one day thereby increasing the demand and appeal for Saudi products.
This agreement is aligned with the Saudi Vision 2030 and the National Industrial Development and Logistics Programme (NDLIP) under the supervision of the Saudi Logistics Hub, which seeks to develop the Kingdom’s economic growth beyond dependence on the oil industry.
It promises to open new doors and economic opportunities within the Kingdom, providing Saudi-based companies with expanded access across the GCC and wider Middle East region, in addition, international exposure and expanded opportunities to do business globally.
Saudi Customs on board
Saudi Customs has affirmed its commitment toward continually developing its procedures and ensuring they are in line with the highest global standards on both the technological and operational fronts.
It is also dedicated to maintaining cooperation with all the relevant entities to ensure the advantage of harnessing Saudi Arabia’s strategic location in connecting the world’s continents.
The first and largest Bonded and Re-Export Zone (BRZ), spread over 1mn sqm. in Jeddah, is an example of the type of world-class, customer-centric integrated logistics service area that LogiPoint has pioneered in the Kingdom giving the advantage to its clients to reliably save up to eight days shipping via Jeddah and to re-export without needing to pay customs.
LogiPoint has made specific and special efforts to introduce international concepts towards logistics efficiency to attract international investors.
LogiPoint’s premium location and the world class facility located in Jeddah Islamic Port has made it a major logistics hub in the region providing services such as lead-logistics, trucking, warehousing, port services, turn-key supply chain integration from the port terminal to the distribution center, specialised handling, labelling and co-packaging.
