SAL launches pharma facilities at KFIA Cargo Village

Saudi Arabian Logistics’ new warehouses in Dammam have an operational capacity of 14,000 tons a year.
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Updated 29 June 2020

SAL launches pharma facilities at KFIA Cargo Village

Saudi Arabian Logistics (SAL) has launched operations of its state-of-the-art pharma facilities recently opened at the Dammam-based King Fahad International Airport’s Cargo Village.

The new warehouses will support the infrastructure of pharma and medical equipment handling facilities as per the international standards of the World Health Organization (WHO), the European Union Good Distribution Practice (EUGDP) and Saudi Food and Drug Authority (SFDA).

A subsidiary of the Saudi Arabian Airlines Corporation, SAL said the facility expansion plan is being implemented as scheduled at selected sites within the Cargo Village at the Dammam station.

Before expansion, the total area of the medical storage facilities stood at approximately 118 square meters but after expansion it reached approximately 542 square meters with an operational capacity of 14,000 tons a year, including 262 square meters of the facilities dedicated for storing goods with temperature ranging between 15-25 degrees Celsius and 262 square meters being used for storing goods with temperature between 2-8 degrees Celsius. The facilities can also be used for storing different types of medical cargo with very low temperatures (below zero).

Omar Hariri, SAL CEO, said: “We usher in a new phase of advanced cargo handling services for pharma and medical equipment. We are creating the proper environment and developing the infrastructure needed for the current period, which has seen an increasing demand on pharma and medical equipment cargoes during the COVID-19 pandemic.”

SAL has enhanced the quality of its medical storage warehousing services, bought state-of-the-art temperature-controlling equipment and devices, and installed efficient safety systems to prevent risks. All the equipment and devices meet the quality standards of the EU GDP for handling and storing medicinal products, explained Hariri, adding that SAL qualifies its cadre to efficiently handle such types of cargo.

SAL works to provide integrated logistics operations and ground handling services. It acts as a link between land and sea shipping and the Saudi airports in line with the National Industrial Development and Logistics Program, which is one of the pivotal themes of Saudi Vision 2030, especially in the light of the gigantic economic transformation the Kingdom has been seeing. The company directly contributes to reinforcing and developing the infrastructure to act as platforms and warehouses for handling different types of cargoes.


KAUST’s conscious investor program region’s first

Updated 24 September 2020

KAUST’s conscious investor program region’s first

King Abdullah University of Science and Technology (KAUST) has partnered with the investment platform VentureSouq, startAD, the Abu Dhabi-based global accelerator anchored at New York University Abu Dhabi (NYUAD), and its partner Tamkeen, to launch the first Conscious Investor Fellowship in the GCC. The pan-regional fellowship is a six-week virtual program dedicated to enabling regional investors in the GCC to create sustainable change through impact investments. The program, which will take place from Oct. 7 to Nov. 25, comes as part of the upcoming annual Angel Rising Symposium, to be held virtually between Nov. 24-25, which provides education and conversations on the future of the angel investment sector and how it can fuel national and regional innovation.

The fellowship aims to empower the next generation of regional mission-driven investors who will fuel emerging ventures using technology for meaningful change, resulting in a measurable positive impact. Twenty-five investors from family offices, corporate and government entities will be welcomed as fellows of this inaugural cohort, where they will learn how to identify and invest into tech-enabled impact-driven startups.

The program will cover conscious investment strategies, startup diligence and valuations, impact measurement, portfolio management, and global sector trends in the impact space. Elective thematic masterclasses will also be offered, with a specific focus on health tech, educational tech, environmental tech, and agricultural tech. Participants will be able to apply their knowledge and invest in live deals through VentureSouq’s Conscious Collective Fund. The inaugural edition is held in collaboration with the Sharjah Entrepreneurship Center and Hub71.

Hattan Ahmed, head of the KAUST Entrepreneurship Center, said: “KAUST is driven by a mission to advance research and create new technologies that address our greatest global challenge in food, water, energy, and the environment. We are starting to see more deep tech startups emerging from the ecosystem, disrupting existing industries and creating new solutions to these challenges. The Conscious Investor Fellowship is a key step to advancing this ecosystem and educating regional investors about the potential of emerging technologies and their long-term value. For Saudi Arabia in particular, there is a unique opportunity to nurture this deep tech ecosystem for real economic transformation.”

Ramesh Jagannathan, research professor of engineering, vice provost for entrepreneurship at NYUAD, and managing director of startAD, said: “Conscious investment is a growing global force, accelerated by the ongoing impacts of the global pandemic. In the UAE, and specifically Abu Dhabi, we have a unique opportunity to engage with this global trend, given that the emirate has the highest net potential wealth globally.”