LogiPoint, Saudi Arabia's leading logistics infrastructure company, and UK-based Unipart Group have signed a Memorandum of Understanding (MoU) to forge a strategic partnership.
The agreement was signed during the Global Logistics Forum 2024, hosted in Riyadh by the Ministry of Transport and Logistics Services. The partnership aims to design and deliver next-generation logistics facilities, enhancing supply chain opportunities beyond traditional logistics services.
Unipart will bring its international expertise, extensive network, and advanced supply chain solutions to Saudi Arabia, while LogiPoint offers its Grade A, ESG-compliant infrastructure to attract investments and operations to the Kingdom. This collaboration aligns with Saudi Arabia's Vision 2030, positioning the country as a global logistics hub.
Unipart Saudi Arabia stated: "We are thrilled to partner with LogiPoint to bring our proven methodologies to a rapidly growing market. This alliance supports the Kingdom's Vision 2030 by enhancing logistics capabilities and fostering economic diversification."
Farooq Shaikh, CEO of LogiPoint, added: "This partnership with Unipart marks a milestone in elevating Saudi Arabia's logistics landscape. Together, we will drive growth and efficiency for businesses in the Kingdom."
The collaboration is expected to enhance the Kingdom’s logistics sector, attract international investment, and contribute to the growth of Saudi Arabia's economy.
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