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2023.05.19
CJ Logistics, Beez to collaborate in Saudi GDC
BY SEO JI-EUN, Korea JoongAng Daily - CJ Logistics signed a memorandum of understanding with Beez Logistics, a Saudi Arabian logistics company, to cooperate in e-commerce distribution services in the region.
The announcement
came after the Korean logistics company decided to build a logistics hub in
Saudi Arabia.
In a joint effort,
the two companies will collaborate in operating the Saudi Global Distribution
Center, scheduled to open in 2024. The primary role of this center will be
handling international shipping for iHerb, an American healthcare-focused
online mall, within the Middle Eastern region.
Based in Riyadh,
Beez Logistics has been providing comprehensive logistics services since 2017,
catering to various industries such as food and beverages, pharmaceuticals, and
health and beauty (H&B).
CJ Logistics intends
to leverage Beez Logistics' capabilities in order to offer tailored delivery
services that consider Saudi Arabia's unique climatic conditions. Beez
Logistics specializes in a cold chain system and last-mile delivery network,
which is tailored for country's typical desert conditions with high
temperatures and low rainfall, according to CJ Logistics.
In March, Beez
Logistics' management team, including CEO Mussaad Almalohi, visited Korea and
toured CJ Logistics' infrastructure and systems. Almalohi expressed significant
interest in e-commerce logistics, particularly in the thriving Korean H&B
market in the Middle East, as quoted by CJ Logistics.
"The Saudi
government is making substantial investments in the logistics industry as part
of its economic diversification policy known as 'Saudi Vision 2030,'"
explained Byoung Kang, head of the Global Unit at CJ Logistics. "CJ
Logistics aims to provide logistics services that can serve as a gateway for
Korean and global companies seeking to enter the Saudi Arabian and Middle
Eastern markets."
American Chamber of Commerce in Korea
Address: 15Fl., Two IFC, 10, Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul 07326, Korea
Name of Representative: James Kim
Business Registration No: 771-82-00210
E-Commerce No: 2019-서울영등포-0027
Monday through Friday, 9:00am to 6:00pm (Closed on Korean Public Holidays.)
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