LogiPoint, a leading logistics zones developer in Saudi Arabia, has established the first bonded corridor at Jeddah Islamic Port, connecting the Bonded and Re-Export Zone at Jeddah Islamic Port and King Abdulaziz International Airport to facilitate the multimodal movement of cargo.
According to the company, the trial was conducted on a shipment that arrived by sea freight to LogiPoint Bonded and Re-Export Zone at Jeddah Islamic Port, which was then shipped onward to its final destination in the Netherlands by airfreight through King Abdulaziz International airport.
With the support of the Saudi Customs and Jeddah Islamic Port and in line with Saudi Vision 2030 and the National Industrial Development and Logistics Program (NDLIP), the success of this shipment increases the competitiveness of the region. It creates an efficient and cost-effective sea-air and air-sea link to establish Jeddah as a preferred multimodal transshipment hub, the company said in a statement.
LogiPoint CEO Farooq Shaikh said: "The bonded corridor facilitates trade for customers by providing a multimodal bonded access to regional target markets combining sea, land and air freight. It also gives Jeddah a significant advantage to compete in the transshipment cargo segment"
The company is making dynamic efforts to introduce international concepts and solutions towards enhancing logistics efficiency to attract foreign investors. Its strategic location and the world-class facilities have strengthened the position of Jeddah Islamic Port as a major logistics hub.
According to the company, the trial was conducted on a shipment that arrived by sea freight to LogiPoint Bonded and Re-Export Zone at Jeddah Islamic Port, which was then shipped onward to its final destination in the Netherlands by airfreight through King Abdulaziz International airport.
With the support of the Saudi Customs and Jeddah Islamic Port and in line with Saudi Vision 2030 and the National Industrial Development and Logistics Program (NDLIP), the success of this shipment increases the competitiveness of the region. It creates an efficient and cost-effective sea-air and air-sea link to establish Jeddah as a preferred multimodal transshipment hub, the company said in a statement.
LogiPoint CEO Farooq Shaikh said: "The bonded corridor facilitates trade for customers by providing a multimodal bonded access to regional target markets combining sea, land and air freight. It also gives Jeddah a significant advantage to compete in the transshipment cargo segment"
The company is making dynamic efforts to introduce international concepts and solutions towards enhancing logistics efficiency to attract foreign investors. Its strategic location and the world-class facilities have strengthened the position of Jeddah Islamic Port as a major logistics hub.
Source Link: www.tradearabia.com
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