Latest news with #RayanAlBakri
Arab News
20 hours ago
- Business
- Arab News
Chinese JD Logistics launches Riyadh hub to speed up deliveries in Saudi Arabia
RIYADH: China's JD Logistics has launched a regional operations center in Riyadh, enabling same-day and next-day deliveries across Saudi Arabia through its self-operated express service, JoyExpress. The new 8,000-sq.-meter smart warehouse — JD's first in the region — will serve as a logistics base for its business-to-consumer delivery network, supported by advanced automation and a robust supply chain infrastructure, the company said in a press release. The facility is expected to meet rising consumer demand in Saudi Arabia, with a report released in April Research and Markets showed showing that the Kingdom's e-commerce market is expected to grow at a compound annual growth rate of 12.10 percent during the period from 2025 to 2033, to reach $68.94 billion. Rayan Al-Bakri, deputy minister for Logistics Services at Saudi Arabia's Ministry of Transport and Logistics Services, said: 'JINGDONG Logistics' investment in Saudi Arabia aligns with our national vision to become a global logistics hub.' He added: 'We welcome the company's advanced self-operated express delivery services, which we believe will not only elevate service standards in the Kingdom but also create new opportunities for employment, innovation, and industry development in support of Vision 2030.' Saudi Arabia's National Logistics Strategy aims to position the Kingdom as a leading global logistics hub by enhancing infrastructure, fostering economic growth, and ensuring integration across various modes of transport. During the launch, JD Logistics Vice President Wang Ying announced that the company's services will cover most regions of the Kingdom, the Saudi Press Agency reported. Saudi Arabia's Courier, Express, and Parcel market is expanding rapidly, fueled by a digitally savvy population and the ongoing rise of e-commerce. According to a report by Mordor Intelligence, the Kingdom's Courier, Express, and Parcel market is projected to grow at a compound annual growth rate of 6.48 percent from 2025 to 2030, with the B2C segment already comprising 56 percent of the market value in 2024. 'The launch of JoyExpress marks a key milestone in international journey and business development in Saudi Arabia,' said Charlie Peng, head of Middle East at JD Logistics. He added: 'JINGDONG Logistics will provide leading edge services to our customers in Saudi Arabia and importantly, align with Saudi Arabia's Vision 2030 strategy with its focus on logistics and job creation.' The launch comes amid a broader wave of international investment in Saudi Arabia, aligned with the Kingdom's regional headquarters program. The initiative offers incentives including a 30-year corporate income tax exemption, withholding tax relief, and regulatory support for multinationals operating in the Kingdom. In March, SPA reported that 600 foreign companies have established regional headquarters in the Kingdom since 2021. Notable firms include BlackRock, Northern Trust, and Bechtel, as well as PepsiCo, IHG Hotels & Resorts, PwC, and Deloitte.
Arabian Business
01-05-2025
- Business
- Arabian Business
Logistiya officially launched under presence of Deputy Minister of Transport and Logistics, paving the way for a new era in Saudi logistics
Logistiya, a fully owned subsidiary of Innovest and a next-generation enabler of logistics infrastructure, officially launched yesterday in Riyadh under the presence of His Excellency Eng. Rayan Al Bakri, Deputy Minister of Transport and Logistics Services. The event marked a major milestone in Saudi Arabia's journey toward becoming a global logistics powerhouse. Rooted in the Kingdom's Vision 2030 and driven by the national ambition to become a global logistics hub, Logistiya was established to accelerate the development of logistics parks, warehousing hubs, bonded zones, and strategic infrastructure across the country. The launch event gathered key partners, industry leaders, and government stakeholders to showcase Logistiya's mission, capabilities, and first flagship developments. During the event, Mr. Mohammed Al Khars, Chairman of Innovest Properties, took the audience through the story behind the inception of Logistiya. 'Similar to the residential development boom in 2016–2017, logistics and industrial development today is witnessing a similar growth trajectory—one that is becoming a cornerstone of economic expansion in the Kingdom,' he said. 'Logistiya is our answer to that opportunity, grounded in the same principles that built our success in the real estate sector: vision, partnerships, and execution.' 'We are on a mission to enable smarter, faster, and more sustainable logistics infrastructure across the Kingdom,' said Mario El Khoury, CEO of Logistiya. 'We believe that Saudi Arabia has the fundamentals to become the logistics capital of the region — and we are here to help make that happen.' Backed by Innovest's track record in real estate and development since 2017, Logistiya combines local insight with global best practices, forming strategic partnerships across engineering, investment, and operations to ensure world-class execution. The company's integrated model — spanning 'Develop, Activate, and Operate' — positions it uniquely to deliver scalable, efficient, and tech-enabled logistics ecosystems. The launch also featured the unveiling of Logistiya's first flagship warehousing complex in Riyadh, scheduled to go live in 2026. The project—developed in partnership with Rikaz, represented by its Chairman and CEO Mr. Khalid bin Hassan Al-Qahtani—is valued at 230 million SAR and will be located on a 77,500 sqm plot within The Node city in East Riyadh. It will feature a state-of-the-art, temperature-controlled Class A warehousing facility. As part of its ambitious growth strategy, Logistiya announced the signing of an exclusive five-year partnership with Voltron Technology, a U.S.-based leader in high-performance computing (HPC) data center solutions. The partnership marks Voltron's entry into the Saudi market and positions Logistiya as the exclusive local enabler for HPC infrastructure developments. Voltron's cutting-edge systems and AI-native designs bring advanced digital capabilities that align perfectly with Logistiya's vision of smart logistics hubs powered by intelligent systems and data-driven operations. 'Technology and infrastructure must evolve together. Our partnership with Voltron ensures we are ready for the next generation of logistics—integrated, automated, and digitally enabled,' added El Khoury. 'Saudi Arabia is one of the most exciting markets in the world today,' said Steven Greenberg, Chairman of Voltron. 'The ambition of Vision 2030, the next-generation thinking of the Kingdom's leadership, and the sheer scale of opportunity across logistics and technology are truly inspiring. Logistiya is exactly the kind of strategic, forward-thinking partner we sought—deeply rooted in the market, yet bold enough to help drive real transformation.' In a further move to future-proof the Kingdom's logistics ecosystem, Logistiya also announced the upcoming launch of a Saudi-based Logistics Accelerator Program in partnership with Quay Acceleration, a leading U.S. accelerator based in New York. Since its founding in 2016, Quay has accelerated more than 500 companies globally and helped startups raise over $1 billion in funding. Set to begin in 2025, the program will attract global startups specialising in LogiTech, FinTech, and PropTech to establish operations and pilot solutions in Saudi Arabia. The initiative aims to foster innovation, localise emerging technologies, and build a robust digital backbone for industrial and logistics development. The launch event was followed by an official dinner, where attendees gathered to celebrate the milestone and engage in deeper discussions on collaboration, innovation, and investment in the logistics sector. As Saudi Arabia accelerates its localisation, trade facilitation, and digital transformation efforts, Logistiya stands ready to deliver the infrastructure, partnerships, and innovation required to power the Kingdom's logistics future.
