King Salman International Airport Development Company (KSIADC) has signed an agreement with EWPartners, an investment company backed by Saudi Arabia’s Public Investment Fund, to establish a special economic zone to increase trade with China.
The KSA-Sino Logistics Zone will be located at the King Salman International Airport in Riyadh, which is expected to be one of the largest airports in the world when completed by 2030.
The project is expected to attract more than 3,000 wholesalers and retailers and about 200 light industrial manufacturers from China and Asia.
The new development aims to improve logistical connections between China and Saudi Arabia and help establish the kingdom as a base for air cargo movement in the region.
Marco Mejia, acting CEO of KSIADC, said the partnership “marks a significant step in delivering on our vision to establish King Salman International Airport as a leading logistics hub serving regional and global logistics companies and supporting Saudi Arabia’s trade expansion”.
Agbi
