King Salman International Airport Development Company (KSIADC) announced in a press release that it has signed a memorandum of understanding (MoU) with ewpartners, an international private equity firm recognized for its strategic alliances and cross-border investment initiatives, to explore the establishment of an e-commerce and logistics special economic zone within King Salman International Airport (KSIA).
According to the release, this collaboration seeks to enhance growth and operational excellence in logistics, leveraging Saudi Arabia’s position as a global logistics hub linking three continents.
The economic zone is one of several recently announced by the Ministry of Transport and Logistic Services to strengthen supply chains and streamline trade and investment, aligning with the Kingdom’s Vision 2030.
The special economic zone at KSIA aims to improve logistical connections between China and Saudi Arabia, contributing to Saudi Arabia’s transition as a pivotal hub for air cargo movement in the region
. The zone will significantly bolster regional and global distribution capabilities, reinforcing the airport as a global logistics hub and highlighting Saudi Arabia’s strategic role in international logistics.
Acting CEO of KSIADC Marco Mejia said: ‘This partnership marks a significant step in delivering on our vision to establish King Salman International Airport as a leading logistics hub serving regional and global logistics companies and supporting Saudi Arabia’s trade expansion. By joining forces with ewpartners, we are poised to enhance our logistics infrastructure, boost efficiency, and create new opportunities for economic growth in Saudi Arabia and the region.’
Founder and Managing Partner of ewpartners Jerry Li said: “Saudi Arabia’s vision to establish this major logistics hub has been a cornerstone of ewpartners’ presence in the Kingdom. Our expertise in technology-driven solutions and cross-border investment, coupled with the strategic location of King Salman International Airport-positioned as
a gateway between Asia, Africa, and Europe-will unlock immense potential for cross-border trade. This paves the way for new growth and innovation in the Kingdom’s logistics and e-commerce sectors.”
Source: Saudi Press Agency