LogiPoint and NAQEL to set up first Bonded Express Facility
- Date: 11-Nov-2019
- Source: Trade Arabia
- Sector:Retail
- Country:Saudi Arabia
LogiPoint and NAQEL to set up first Bonded Express Facility
LogiPoint, Saudi Arabia's premier logistics parks developers and operators, has signed an agreement with NAQEL Express, a subsidiary of Saudi Post Co 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
Farooq Shaikh, CEO LogiPoint, said: "The logistics sector in the kingdom is transforming rapidly, and LogiPoint is Kingdom's torch-bearer in achieving global competitive standards and in adapting a customer-focused approach. 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.“
"With this expansion, NAQEL Express will further strengthen its service offering