South Korea’s CJ Logistics plans to build a global distribution center in Saudi Arabia to act as a forwarding base for e-commerce players in the Middle East, according to a press release. The center will be the first e-commerce logistics facility in Saudi Arabia, and will be located in Riyadh's Special Integrated Logistics Zone.
The details: The facility, which is expected to be completed in 2H 2024, will span 18k sqm and will be able to handle some 15k boxes a day.
Kicking things off: The company inked an eight-year agreement to distribute US-based supplement and health product retailer iHerb’s products to consumers from nine countries across the region, including Saudi Arabia, UAE, and Kuwait. CJ Logistics has been distributing iHerb products in Asia from its global distribution center situated at Incheon Airport since 2018.
What they said: “The Saudi e-commerce market has the richest growth potential in the Middle East and the geographical advantage of connecting Africa and Europe," CJ Logistics CEO Kang Sin-ho said. “We will spare no support for state-of-the-art logistics technology and infrastructure so that the GDC can become a logistics hub that leads the Middle East e-commerce market,” he added.