Phase one of LogiPoint - Logistics Parks Modon 1 is now completed
LogiPoint, a leading logistics zones developer in Saudi Arabia, has completed phase one of Logistics Park Modon 1 project.
Phase 1 features 350 truck parking spaces designed to bring Modon much needed respite from congestion and pollution, by taking the parked and waiting trucks off the roads. Modon tenants and service providers will have the option of leasing truck parking space, which complies with international security and safety standards, on daily/monthly/yearly lease as per their requirement.
Modon hosts more than 400 factories in the Jeddah Industrial Area. This thriving industrial base needs a state-of-the-art logistics infrastructure, which will help bring world-class efficiency to its operations. Logistics Park Modon 1 is making that state-of-the-art infrastructure a reality in Modon.
Upon full completion, this project located in the heart of the Jeddah Industrial Area, will include 20,000 square metres of multi-temperature warehouses, which will be the only warehouse space catering to the variety of storage requirements needed in the industrial city 1. It will offer customised and tailor-made support services to clients, and boost supply chain efficiency across sectors through sharing best practices and leveraging expertise and experience. Acccording to Modon, its investors will benefit from improved ROI because of highly professional and cost-effective storage and distribution becoming available in their vicinity.
"LogiPoint has set out to build on the success of the Bonded and Re-export Zone and to develop similar high quality integrated facilities throughout the Kingdom. Logistics Park Modon 1 underlines our commitment to this vision and is proof that our strength in developing vibrant Logistics Zones continues to expand and grow with time,” said Farooq Shaikh, CEO of LogiPoint.
LogiPoint - Logistics Parks Modon 1 is a BOT (build, operate & transfer) project in partnership with The Saudi Authority for Industrial Cities (Modon) in line with objectives of the Saudi Vision 2030 and the National Industrial Development and Logistics Program (NIDLP)