PSA Ventures, part of PSA International, has teamed up with Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) to boost innovation in port automation and sustainable supply chains. This alliance aims to support promising start-ups and develop Minimum Viable Products (MVPs) that are ready for market launch.
Eddy Ng, Group Head of Operations and Sustainability at PSA International, emphasized the importance of this partnership, stating it reflects a mutual dedication to advancing logistics and supply chain technologies.
Focus Areas
The collaboration will target several key areas:
- Port Automation: Introducing advanced technologies to streamline port operations and enhance efficiency.
- Green Energy Transition: Promoting the use of renewable energy solutions within the supply chain.
- Data-Driven Solutions: Improving logistics through enhanced data analytics and digital tools.
Strategic Cooperation
PSA Ventures and NIDLP have outlined three strategic cooperation areas:
- Market Access and Technology Piloting: Supporting the introduction and testing of innovative solutions in operational settings.
- Knowledge Transfer and Mentorship: Sharing expertise and best practices through exchange programs.
- Cross-Border Investments: Collaborating on investments to expand high-potential technologies.
The partnership will also seek government funding to bolster innovation and growth. Eng. Suliman Almazroua, CEO of NIDLP, remarked that this collaboration is crucial for advancing port automation and digital transformation.
This initiative highlights the commitment of both parties to foster innovation, improve efficiency, and support sustainable practices in the global logistics and supply chain sector.
