Saudi Arabia is partnering with China to create a groundbreaking logistics special economic zone. Announced at the Global Logistics Forum 2024 in Riyadh, this initiative aims to position the kingdom as a central link between Asia, Africa, and Europe. Construction is slated to kick off next year, aligning with Saudi Arabia’s Vision 2030.
A Bold Step Toward Vision 2030
The collaboration marks a significant stride in Saudi Arabia’s economic diversification efforts.
Jerry Li, founder of Ewpartners, mentioned that the zone will cover 4 square kilometers within King Salman International Airport.
The project is expected to unfold over 12 years in four distinct phases.
By creating an integrated ecosystem, the zone will boost global distribution capabilities.
Officials believe this will significantly enhance the kingdom’s role in international trade.
Key Features of the Special Economic Zone
The proposed zone isn’t just another industrial park; it’s a comprehensive environment designed for growth.
- Location: Inside King Salman International Airport in Riyadh
- Size: 4 square kilometers
- Development Phases: Four phases over 12 years
- Facilities Include:
- Global enterprises and logistics facilities
- Supply chains and high-end manufacturing units
- Living spaces and supporting amenities for professionals
This setup is expected to attract thousands of wholesalers, retailers, and manufacturers from China and across Asia.
Strategic Partnerships Fueling the Project
Ewpartners is teaming up with the King Salman International Airport Development Company to drive this venture forward.
Transport Minister Saleh bin Nasser Al-Jasser emphasized the importance of such facilities for global commerce.
Marco Mejia, acting CEO of the airport development company, highlighted the project’s potential to elevate Saudi Arabia’s trade.
By collaborating with Chinese firms, Saudi Arabia aims to boost efficiency and open new avenues for economic growth.
These partnerships are seen as a catalyst for enhancing logistics infrastructure in the region.
A Gateway for Global Businesses
The zone aims to be more than a logistics hub; it’s poised to become a world-class platform for international companies.
Li noted that many top companies from China and the Asia-Pacific region are eager to establish a presence.
The project will include:
- Logistics and Light Industrial Park: For manufacturing and supply chain operations
- International Commercial Park: A hub for global businesses to set up shop
- Living Spaces: Comprehensive services for professionals’ work and lifestyle needs
This initiative is expected to attract foreign direct investment and promote international trade, aligning with the “Made in Saudi” program.
