Saudi Arabia is set to collaborate with China to develop a logistics special economic zone, aiming to position the kingdom as a central logistics hub connecting Asia, Africa, and Europe. This initiative was announced at the Global Logistics Forum 2024 in Riyadh.
The project, part of Saudi Arabia’s Vision 2030 plan, will begin construction next year. Ewpartners, a pioneer in Saudi-Asia cross-border investments, will partner with the King Salman International Airport Development Company to lead this venture.
Located within Riyadh’s King Salman International Airport, the zone will span 4 square kilometers, developed over 12 years. It aims to create an integrated ecosystem hosting global enterprises, logistics facilities, and high-end manufacturing, enhancing Saudi Arabia’s regional and global distribution capacity.
Transport Minister Saleh bin Nasser Al-Jasser emphasized the project’s alignment with Vision 2030, with significant investments planned by 2050. He highlighted the importance of secure and efficient supply chains for global commerce.
The zone will encourage international companies to establish manufacturing capabilities, aligning with the “Made in Saudi” initiative to boost exports. It is expected to attract over 3,000 wholesalers and 200 manufacturers from China and Asia, facilitating market expansion beyond the region.
Marco Mejia, acting CEO of the King Salman International Airport Development Company, stated that the partnership is crucial for positioning the airport as a premier international logistics hub, supporting Saudi Arabia’s trade growth.
Jerry Li of Ewpartners noted the strategic location of King Salman International Airport as a gateway between continents, enhancing cross-border trade potential. The project will support growth in Saudi Arabia’s logistics and e-commerce sectors.
The site will feature a logistics park and an international commercial park, serving as a base for global businesses and promoting foreign investment. Additionally, it will offer living spaces and facilities to support professionals, enhancing Saudi Arabia’s attractiveness as an investment hub.
