Over the years, we have been at the forefront of embracing change in the industry and driving innovative solutions, processes, and procedures to enable our clients to achieve greater efficiencies and higher profitability through cutting waste and reducing costs. From our inception, we have been acting as a liaison platform that brings together logistics and supply chain industry stakeholders from both the regulatory side and the market side, as well as from the local market and the international sector, enabling all sides to work in tandem. We have grown organically into a logistics real estate company which not only understands the needs of the supply chain and logistics sector, but specializes in developing the solutions of tomorrow. After all, LogiPoint is a company which is completely aligned with the Vision 2030 goal to convert the Kingdom into one of the logistics and supply chain hubs of the world. We are extremely proud of the awards we have won. Our latest award is the Supply Chain Hub of the Year award at Logistics Middle East Awards 2021. Each of the awards we win is a recognition of our constant evolution in line with the changing needs of the markets we serve and of our unwavering commitment to innovation and service excellence.
Sep. 1, 2021
Farooq Ahmed Shaikh
CEO, DP World KSA
DP World is a trade enabler, a global operator, and a pioneer in trade innovation. We have been introducing cutting-edge technologies globally and specifically in Saudi Arabia. Our main goal is to enhance and streamline our customer port experience to provide the best service offering. In-line with our digital transformation strategy, we have been investing significantly in new technologies. For the past 20 years, we have been continuously improving our terminal operating system. As a result, we have been able to grow our annual throughput by double digits over the past decade. For example, from 2014-2016, we handled between 700,000 and 850,000 TEUs in volume. Since 2017, we have been gradually increasing our handled throughput significantly, reaching 1.91 million TEUs by the end of 2020. Our global exposure brings great experience and capabilities, which enable us to provide innovative growth. Our recent acquisitions of Unifeeder and Feedertech have enabled us to diversify our service offering by providing a feeder service. Our partnership with the Ministry of Transport is of immense importance, as we jointly explore our innovative transport solutions, one of which is the cargo speed product. Moreover, the variety and holistic nature of the services that DP World offers makes it the most competitive and innovative trade enablement company in the market.
LSC is a 100% Saudi-owned joint stock company. We are one of the leading and very few fully integrated logistics companies helping our clients to optimize their supply chain while minimizing their logistics spend through fully customized solutions. We cover the complete logistics chain from transportation to warehousing, value-added services, forwarding, and clearance. We serve all the general industries, but our main focus is on aerospace, defense, events and ecommerce fulfillment. We also have plans to go into pharma. Multinational companies are still a bit hesitant to invest in Saudi Arabia; they prefer to subcontract to local logistics players. We already cater to several of the major global logistics players in Saudi Arabia. We also have plans to expand across the region in the long term. Aligned with Vision 2030, we are keen to play a significant part in expanding the logistics role of Saudi Arabia in the global logistics sphere. However, for now, we are solidifying our position locally and differentiating ourselves with our customized solutions. Considering the major investments in logistics infrastructure and the strategic geographical location of Saudi Arabia, investors are keen to invest in the logistics sector. Finding investment is not a major challenge as long as one has the right expansion plans and ability to produce the required returns to investors.