Media Centre

King Abdullah Economic City (KAEC) has announced the signing of a new contract with Warehousing Projects and Logistics Company (WPL), the Kingdom’s leading warehousing and logistics infrastructure provider. The new contract calls for WPL to design, develop and operate an entity that will handle logistics services and light storage in KAEC’s Industrial Valley.

In this occasion, Mr. Fahd Al-Rasheed, KAEC Group CEO and MD expressed his delight with this contract which is a result of KAEC-Time Forum that was organized last June and showcased the investment opportunities in the city, and said: “By providing a reliable infrastructure and world-class facilities, we will enable businesses to put their focus on their clients rather than spending time worrying about the physical environment. We see this as just another sign of KAEC’s dedication to offering the best services and products designed to meet the needs of investors.” He added:” In addition to this project, it is KAEC’s responsibility to provide showrooms, light storage and office space in order to support our investors’ on-site businesses.”

According to Mr. Abdulaziz Al-Subaie, CEO, WPL :“WPL is very proud to be a part of KAEC’s growth and in a partnership that allows us implementing the highest and most innovative international standards in the development of the city’s infrastructure and logistics services. The construction of a light storage facility in the Industrial Valley will be instrumental in accelerating the growth of business in KAEC.”

Mr. Rayan Qutub, CEO, of the Industrial Valley in KAEC, pointed out that the biggest beneficiaries of this new project will be small and medium sized enterprises. “This will provide solutions that will contribute greatly to reducing start-up costs for small and medium enterprises as it will reduce the need for capital expenditures on their part”. He added: “It will also contribute to diversifying the portfolio of products offered by KAEC as well as responding to the increasing demand for storage and logistics services related to King Abdullah Port.”

WPL was formed in March 2010 as a leading Kingdom-wide enterprise offering infrastructure and logistics solutions to a wide range of clients across all industrial and economic sectors. The goal of WPL is to be the preferred warehousing and logistics infrastructure provider in Saudi Arabia and the Gulf region. With a strong team of professionals and partnerships with international logistics consultants, WPL offers design and consultancy on warehousing infrastructure, total warehousing solutions and develops warehousing hubs with pre-built and build-to-suit infrastructure.