ewpartners, previously known as eWTP Arabia Capital, announced a significant $50 million investment in Leshines, Lenovo’s supply chain solutions division, at the renowned Future Investment Initiative (FII) in Riyadh. This initiative highlights Saudi Arabia’s strengthening position in global trade and supply chain networks.
This investment aims to localize Leshines’ capabilities in Saudi Arabia, aligning with the Kingdom’s Vision 2030. It follows a strategic collaboration between Lenovo and Alat, backed by the Public Investment Fund, with a proposed investment of $2 billion.
Leshines is considering entering the KSA-Sino Logistics Special Economic Zone at King Salman International Airport. Managed by ewpartners, this zone will host a logistics industrial park and facilitate international manufacturing and distribution. It is projected to attract over 3,000 wholesalers and about 200 light industrial manufacturers from China and Asia.
Jerry Li, Founder and Managing Partner at ewpartners, emphasized the importance of this investment in fostering local industrial growth and supporting Saudi enterprises. He noted, This investment is a significant step toward building the future of Saudi Arabia that we all envision.
Alan Zhou, COO of Leshines, expressed confidence in the partnership with ewpartners, stating that Saudi Arabia will become a crucial node in their Smart Supply Chain Platform, contributing to the Kingdom’s Vision 2030.
This marks the first transaction for ewpartners Fund II and highlights the increasing collaboration between China and the Middle East. With support from Saudi Arabia’s sovereign wealth fund and new commitments from other GCC sovereign wealth funds, ewpartners is poised to enhance its investment model in the region.
