Phase 1 of LogiPoint: LP Modon 1 is completed
LogiPoint, the leading logistics zones developer in Saudi Arabia, announced the completion of phase one of Logistics Park Modon 1 project.
Phase 1 comprises 350 truck parking spaces designed to bring Modon much needed respite from congestion and pollution through 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 helps bring world-class efficiency to its operations. Logistics Park Modon 1 is making that state-of-the-art infrastructure a reality in Modon.
Upon completion, this project located in the heart of the Jeddah Industrial Area, will include a 20,000 Sqm of multi-temperature warehouses, which will be the only one catering to all kinds of storage requirements of the industrial city 1. It will offer customized and tailor-made support services to the clients and boost supply chain efficiency across sectors through sharing best practices and leveraging expertise and experience. The Modon investors will benefit from improved ROI because of highly professional and cost-effective storage and distribution becoming available in their vicinity.
Farooq Shaikh, CEO of LogiPoint said,”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.”
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)