- JEDDAH: Abdul Latif Jameel Company (ALJ) has signed a memorandum of understanding with King Abdullah Economic City (KAEC) enabling the firm to transfer its logistical operations to the economic city.
ALJ is the biggest auto distributor in Saudi Arabia and representative of Toyota and Daihatsu in the Kingdom.
ALJ will buy 1.5 million square meters of land at the Industrial Zone in KAEC to develop its National Distribution Center, which includes facilities for storage and installation of auto accessories imported and distributed in the Kingdom by ALJ.
The MOU states that KAEC'S seaport, the first of its kind developed by the private sector in the Kingdom, will develop and operate the handling dock and station of roll-on-roll-over carriers according to international standards to efficiently carry out handling operations involving vehicles and equipment.
In addition, the MOU stated that ALJ would acquire residential lands at KAEC to construct an integrated residential district to provide optional housing solutions for its employees and those of its affiliates.
ALJ will also consider the possibility of building a spare parts assembly line inside KAEC'S seaport for the purposes of serving the local market.
Amr Al-Dabbagh said it is important to attract leading Saudi companies such as ALJ to King Abdullah Economic City.
Al-Dabbagh said ALJ’s move proves the vision of Custodian of the Two Holy Mosques King Abdullah to transform KAEC into an attraction for local and foreign investment and to be a driving force for the Saudi economy for localizing Saudi capitals, creating job opportunities and achieving development in the Kingdom.
Mohammed Abdul Latif Jameel, president of ALJ, said his company’s project at KAEC comes in line with a strategic plan to build a logistics center for its operations to supply the Saudi market with vehicles.
Currently, KAEC contains 23 factories covering 5 million square meters.
The seaport is expected to start its operations in mid 2013. ALJ is the importer and distributor of Toyota and Daihatsu vehicles in the Kingdom and other countries.
The company operates production lines for after-sale services (including spare parts and accessories in several countries throughout the world).

