Gulf Islamic Investments (GII) and Logipoint, partnering to set up a new logistics platform in the Kingdom of Saudi Arabia, signed a deal worth over SAR 1 billion. The venture will develop Grade A warehousing solutions across the Kingdom, including Riyadh and Jeddah. Logipoint, a subsidiary of SISCO, is known for managing bonded and non-bonded logistics parks. This collaboration aims to enhance KSA’s logistics infrastructure, supporting the country’s economic growth. Pankaj Gupta, GII’s co-founder and co-CEO, remarked, “Our partnership with Logipoint marks a natural progression for GII, extending our logistics operations across Saudi Arabia to support its booming economy.” Farooq Shaikh, CEO of Logipoint, said, “Partnering with GII opens up new investment opportunities. We are committed to leveraging our expertise in logistics to drive expansion, aligning with Vision 2030 to transform Saudi Arabia into a global logistics hub.” The new venture underscores their commitment to sustainable, innovative investments in the region’s rapidly growing infrastructure.
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