To set down the credentials of the two founding partners, SISCO (Saudi Industrial Services Company) is one of the Kingdom’s most prominent companies, which has undertaken large-scale investments in desalination plants, free zone ports, industrial estate development and other key projects.
Xenel is an acknowledged innovator and leader in building projects and companies in infrastructure, diversified industries and contracting, both regionally and internationally.
It was in 1999 that the company introduced the concept of a Bonded and Re-export Zone (BRZ) to the regulatory authorities in the Kingdom of Saudi Arabia, while laying out its benefits to the national economy.
Since then, Tusdeer has grown from a mere idea to a success story in its own right in developing the Kingdom’s first BRZ, a multi-purpose logistics zone with one million sq metres of state-of-the-art logistics infrastructure within the Jeddah Islamic Port (JIP). It was developed under a BOT (build, operate, transfer) concession agreement with the Saudi Ports Authority.
In 2002, the first warehouse village was inaugurated with a total area of 17,600 sq metres – 34 warehouses with 518 sq metres each. ISNAD (Support Services Operations Co) was established in 2005 with the aim of servicing the total logistics cycle for customers, including city logistics, equipment rental and transportation services.
A major milestone was crossed in 2016, when Tusdeer and ISNAD merged to provide a one-stop integrated solution for storage, value-added logistics services and transportation.
In 2017, ISNAD signed with MODON to invest, develop and operate the Jeddah Logistics Hub (JLH) at Jeddah industrial Area One. The concept of the logistics hub is a one-stop location to provide industrial area users with several enabling logistics support services, such as truck parking facilities, equipment workshop facilities, industrial and retail fuel stations, truckers’ rest area, and so on.
It was also in 2017 that LogiPoint was born, with the merger of Tusdeer, JLP (Jeddah Logistics Park), ISNAD and JLH under a single umbrella. It became a pre-eminent logistics real estate company that focused on providing a cluster of high value-added services and a business-friendly environment that would enable clients to focus on their core businesses and increase the efficiency of their operations.
LogiPoint’s vital statistics are mind-boggling – a total land area of 1.78 million sq metres; 347,600 sq m of warehouse area; 70,000 sq m of truck parking area; 6,400 sq m of residential area; 747,000 sq m of total open yard; 38,800 sq m of commercial area and 11,800 sq m of truck service area.
“We now have behind us 19 years of impeccable service to customers across all the major industry segments,” says Ayman Barqawi, Executive Director of LogiPoint Portfolio. “Our uniquely positioned logistics zones and hands-on experience give our customers transactional, tactical and strategic benefits.
“We understand our customer’s supply chain, and have the unique position to provide logistics support at every stage of the chain. We help clients avoid unplanned and variable expenses in terms of demurrage and penalties. LogiPoint delivers a comprehensive, safe and convenient end-to-end solution by leveraging our strategic assets.”
Copyright © 2022. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.