The work assigned to PowerChina will cover an area of 4.5 km by 2.5 km and will be intended for the building of very large crude carriers (VLCCs), offshore drilling rigs, production platforms and other vessel types.
The relationship between the two companies began in January 2018 when they partnered to provide finished vehicle logistics services to Almajdouie Auto (MMC), the importer of Hyundai in Saudi Arabia.
The event is expected to draw hundreds of attendees as well as industry professionals and decisions makers.
Stage Two will extend 605 kilometres from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast, to be followed by future route additions.
The port will be developed over an area of 1,666,771 square meters, almost the same size as the Principality of Monaco, with a total value of AED 254-million (US $69-million).
The award recognised LogiPoint’s outstanding record of collaboration and partnership with its stakeholders and of providing the clients with maximum ease of doing business via up-to-date facilities, state-of-the-art warehousing, and customised solutions.
LogiPoint serves customers in all sectors through both sea and land-based integrated logistics offerings, achieving profoundly competitive service levels in Saudi Arabia, improving the reliability and efficiency of the Kingdom's trade and supply chain and ultimately enabling the country to become a key hub in the global logistics value chain.
Acquisitions in the pipeline will be financed from the company’s own funds and banking finance, the CEO said.
Saudia Arabia is fast catching up with the UAE and potentially challenging the dominance of Dubai as the regional logistics hub says expert at Leaders in Logistics.
This appointment comes as part of the recognition of the airline of the important role its ground handling business unit has in achieving its Strategy 2020 transformation program.
The objective of the project is to boost investment from logistics majors around the airport and create a specialised zone where various logistics services and value-add solutions be provided.
The Haramain Express is the first high-speed train to operate in the region offering connections between five stations in Makkah, Jeddah, King Abdul Aziz International Airport, King Abdullah Economic City and Madinah.
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