Saudi Arabia: Logistics Hub Logi Point Wins Aramco Chemicals’ Export Contract
Logi Point has entered into an agreement with Aramco Chemicals Company (ACC) to provide export logistics services from its Bonded and Re-Export Zone (BRZ) in Jeddah, Saudi Arabia.
Saudi Arabia – With the extensive support from Saudi Customs and Jeddah Islamic Port to re-engineer the export process, this agreement provides ACC with a strategic export logistics hub. This will help eliminate the need to use an intermediary overseas hub for storage and onward shipping of their cargo, according to Logi Point. By shipping the cargo directly to the target market, it reduces the export processing time from one week to one day thereby increasing the demand and appeal for Saudi products, states the firm.
This agreement is in line with 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 will also open new doors and economic opportunities within the Kingdom, providing Saudi-based companies with enhanced access across the GCC and wider Middle East region.
Saudi Customs is reaffirming its commitment towards continuously developing its procedures and ensuring they are in line with the highest global standards on both technological and operational fronts. It is also dedicated to maintaining cooperation with all the relevant entities to ensure the utilisation of Saudi Arabia’s strategic location in connecting the world’s continents.
The first and largest BRZ spread over 1 million sq m in Jeddah is an example of the type of world-class, customer-centric integrated logistics service area that Logi Point has pioneered in the Kingdom. The company offers its customers the advantage of reliably saving up to 8 days of shipping via Jeddah and to re-export without the need to pay for customs.
Logi Point (a subsidiary of Saudi Industrial Services Co – Sisco), a Saudi joint stock company listed on Tadawul, is a logistics business and BRZ in Saudi Arabia.