LogiPoint has established the first bonded corridor connecting the Bonded and Re-Export Zone at Jeddah Islamic Port and King Abdulaziz International Airport to facilitate the multimodal movement of cargo.
A trial was conducted on a shipment that arrived by sea freight to LogiPoint Bonded and Re-Export Zone at Jeddah Islamic Port then shipped onward to its final destination in the Netherlands by airfreight through King Abdulaziz International airport. LogiPoint believes the new operation creates an efficient and cost effective sea-air and air-sea link that will establish Jeddah as a multimodal transshipment hub.
LogiPoint CEO, Farooq Shaikh, says, “The bonded corridor facilitates trade for customers by providing a multimodal bonded access to regional target markets combining sea, land and air freight. It also gives Jeddah a significant advantage to compete in the transshipment cargo segment.”