In a significant move to enhance Saudi Arabia’s involvement in global supply chains, ewpartners, previously known as eWTP Arabia Capital, has announced a $50-million investment in Lenovo Group’s supply chain division, Leshines. This announcement was made during the Future Investment Initiative conference in Riyadh, a prominent event that promotes transformative investments and international partnerships.
ewpartners, supported by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has been active in the region since 2017. It was the first investment firm to establish a cross-border platform between China and Saudi Arabia. This latest investment aims to enhance the localization of Leshines’ capabilities in Saudi Arabia, reinforcing the country’s role in sustainable global trade and supply chain operations.
Jerry Li, founder and managing partner of ewpartners, emphasized the importance of this investment, stating it is a crucial step toward Saudi Arabia’s future development. By collaborating with Leshines, ewpartners seeks to introduce advanced supply chain solutions to the Middle East and North Africa (MENA) markets, supporting Chinese companies in localizing production and empowering regional enterprises, in line with Saudi Arabia’s Vision 2030.
Alan Zhou, chief operating officer of Leshines, expressed the company’s intent to establish a strong presence in Saudi Arabia, focusing on the MENA region. He highlighted the potential for Saudi Arabia to become a key hub in a smart supply chain network.
Additionally, Leshines is considering entry into the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh. This initiative, unveiled by Saudi Arabia’s Ministry of Transport and Logistics Services, is managed by ewpartners and spans 4 square kilometers. It aims to facilitate local manufacturing for international companies, boosting distribution to global markets and attracting numerous wholesalers, retailers, and light industrial manufacturers from Asia.
