LogiPoint and NAQEL sign landmark agreement to establish the first bonded express facility
Provision at Jeddah Islamic Port dedicated to e-commerce operations
LogiPoint, the Kingdom’s premier logistics parks developers and operators, has signed an agreement with NAQEL Express; a subsidiary of Saudi Post and the largest last mile delivery provider in the country, to establish the first Bonded Express facility at LogiPoint Bonded and Re-Export Zone at Jeddah Islamic Port and will be dedicated to e-commerce operations.
In line with Saudi Vision 2030 and the National Industrial Development and Logistics Program (NDLIP), this facility will be the first of its kind at a Saudi Port dedicated to the clearance and fulfillment of express and e-commerce shipments.
Once completed the facility can handle inbound and outbound express shipments by sea, air and land transportation
“The logistics sector in the Kingdom is transforming rapidly, and LogiPoint is the Kingdom’s torch-bearer in achieving global competitive standards and in adapting a customer-focused approach,” remarked Farooq Shaikh, CEO, LogiPoint.
“Signing of a long-term agreement with NAQEL Express to establish the very first bonded facility dedicated to e-commerce operations is testimony to the trust and confidence our customers pose in us for not only providing them with world-class logistics facilities, but also the eco-system that facilitates their service offerings,” he added.
“With this expansion, NAQEL Express will further strengthen its service offering to e-retailers, on-line platforms and exporting companies around the world aiming to penetrate their target markets in Saudi Arabia and rest of the Middle East,” commented Mohammed Al Bayati, CEO, NAQEL Express.
The agreement was officiated in the presence of Captain Abdullah Al Zamee, Director General, Jeddah Islamic Port and Mohammed Abdullah, Director General, Jeddah Islamic Seaport Customs.