Saudi Arabia’s LogiPoint has awarded a SR68-million ($18.5 million) deal to Sahara Building Contractors for the construction of its multi-purpose warehousing complex, Warehouse Village V, at Jeddah Islamic Port.
The new facility will be built on a 24,500-sq-m area within the group’s flagship logistics park – the Bonded and Re-Export Zone (BRZ) in Jeddah – with dedicated zones for handling frozen, chilled, ambient and dry cargoes.
The bonded and re-export zone is a 1-million-sq-m fully integrated logistics platform dedicated to facilitating trade and development in the kingdom by enabling the supply chain and logistics industry and by creating value through investments in innovative, next-generation solutions and state-of-the-art logistics infrastructure.
Warehousing Village V also introduces a LogiPoint first with a dedicated zone designed and equipped to handle pharmaceutical goods inside Jeddah Islamic Port.
Additionally, the Value Addition Zone will enable LogiPoint to extend its time-tested and value-added services to it clients allowing it to act as a truly transformative logistics hub for the region.
Currently, LogiPoint warehousing facilities are operating at over 100 per cent utilisation and hence Village V is a welcome addition, said a senior official.
“Village 5 is going to be our most sophisticated addition yet to LogiPoint’s warehousing infrastructure inside Jeddah Islamic Port. The importance and relevance of a facility that is designed to receive, handle, store and distribute pharmaceutical goods can scarcely be overstated today,” he noted.
“At the same time, the addition of a multi-purpose state-of-the-art warehousing facility at LogiPoint BRZ reinforces Jeddah as an integrated logistics hub internationally and demonstrates just how well we are aligned with the Vision 2030’s goal to make the kingdom a regional logistics hub of choice. Village 5 is the start of the expansion plans that are expected to increase LogiPoint BRZ’s warehousing capacity by about 150 per cent during next 2-3 years,” he added.
Warehousing Village V has been designed by Jamjoom Consulting in line with international logistics infrastructure specifications and incorporates the latest green building technologies to ensure compliance with environmental standards.
The facility will rely on renewable resources for power generation and has been designed to conserve energy through eliminating waste and using low consumption LED lighting system.