Gulf Islamic Investments (GII) and Logipoint, a subsidiary of SISCO, have signed an agreement in Jeddah to create a joint venture for a logistics platform providing high quality warehousing solutions across the Kingdom of Saudi Arabia in a deal worth over US$300 million.
The GII-Logipoint joint venture will create new logistics infrastructure in key Saudi cities, starting in Riyadh and Jeddah, providing warehousing and handling facilities as the backbone of a multi-asset logistical network...