GII and LogiPoint Launch SAR 1 Billion Logistics JV to Support Vision 2030

In a landmark move set to reshape Saudi Arabia’s logistics landscape, Gulf Islamic Investments (GII) has partnered with LogiPoint, a subsidiary of Sustainable Infrastructure Holding Company (SISCO Holding), to establish a Logistics JV Deal worth SAR 1 billion ($266.6 million). This strategic alliance aims to bolster the kingdom’s infrastructure, aligning with Saudi Arabia’s Vision 2030 to become a global logistics hub.

The new logistics JV will provide state-of-the-art Grade A warehousing solutions across Saudi Arabia. This initiative is designed to support a comprehensive logistical network, offering warehousing and handling facilities to various companies throughout the kingdom. The joint venture will significantly contribute to the nation’s growing infrastructure, facilitating rapid economic expansion.

Farooq Shaikh, CEO of LogiPoint, emphasized the importance of this collaboration, stating, “Our partnership with GII reinforces our leadership in the logistics industry. LogiPoint is proud to align with Vision 2030, playing a pivotal role in transforming Saudi Arabia into a global logistics hub.”

Pankaj Gupta, Co-founder and co-CEO of GII highlighted the strategic significance of the partnership. “GII’s collaboration with LogiPoint expands our logistics operations across Saudi Arabia, supporting the kingdom’s booming economy through rapid infrastructure development,” Gupta said.

Mohammed Alhassan, the other Co-founder and co-CEO of GII, remarked on the growth strategy behind this venture. “Our logistics JV with LogiPoint is a critical component of GII’s expansion strategy within the kingdom. This initiative follows our recent milestones, including acquiring a CMA banking license for GII Saudi Arabia and purchasing Emad Bakeries in Jeddah,” Alhassan noted.

This partnership is the second significant logistics deal for GII, a Shari’ah-compliant global alternative investment firm managing over $4.5 billion in assets. GII’s strategy in the GCC region focuses on acquiring, aggregating, repurposing, and developing logistics facilities for prominent companies. Their clientele includes industry giants like Hellmann, CEVA, Sinotrans, and Noon in Dubai.

The newly established JV aims to leverage GII’s expertise and LogiPoint’s robust infrastructure to create a logistics platform that sets new standards in the region. The deal underscores logistics’s critical role in Saudi Arabia’s economic diversification efforts and infrastructure development plans.

Saudi Arabia’s logistics sector has witnessed unprecedented growth, driven by increased demand for efficient supply chain solutions. The kingdom’s strategic location and investment in modern infrastructure positions it as a key player in global trade. The GII-LogiPoint JV is set to capitalize on this momentum, providing scalable and efficient logistics solutions tailored to the needs of various industries.

The investment comes at a time when Saudi Arabia is heavily investing in its infrastructure to support economic diversification away from oil dependency. The logistics JV is expected to create numerous job opportunities, drive technological advancements, and enhance the overall efficiency of the supply chain network within the country.

The collaboration between GII and LogiPoint is not just about creating infrastructure; it’s about building a future-ready logistics platform that supports the kingdom’s long-term economic goals. By focusing on sustainability and innovation, the JV aims to set a benchmark for logistics services in the region.

The Gulf Islamic Investments and LogiPoint JV deal marks a significant step forward in Saudi Arabia’s journey toward becoming a leading global logistics hub. This strategic partnership is poised to deliver high-quality logistics solutions, drive economic growth, and support the kingdom’s Vision 2030 objectives.