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Tag: invests

  • DHL Invests €130M in Boosting Saudi Logistics with New Hub: A Strategic Leap towards Vision 2030

    DHL Invests €130M in Boosting Saudi Logistics with New Hub: A Strategic Leap towards Vision 2030

    DHL Supply Chain, the world’s leading contract logistics provider, has announced an investment of approximately €130 million (560 million SAR) towards the establishment of a regional logistics and distribution hub in Riyadh, located in Saudi Arabia’s Special Integrated Logistics Zone (SILZ). This strategic investment reaffirms the company’s commitment to the Kingdom’s Vision 2030 and its goal of becoming a global logistics powerhouse. This facility is part of DHL’s larger investment strategy in Saudi Arabia.

    Features of the New Facility

    The new distribution hub will be built on a 78,000 sqm land plot, with a 53,000 sqm facility, under a lease agreement for a 26-year term. This multi-user warehouse will service various sectors, such as technology, retail and consumer, automotive, energy, and e-commerce, offering customised solutions for each industry. Construction is set to commence in the first quarter of 2026, with completion projected for the second quarter of 2027. This new warehouse is a component of the €500 million investment announced by DHL Group for the Middle East extending to 2030.

    Hendrik Venter, CEO of DHL Supply Chain, commented on the growth potential of the region, saying, “The Middle East is one of the fastest-growing logistics regions globally, and Saudi Arabia sits at the centre of this transformation… Our new multiuser facility at SILZ will not only accelerate supply chain resilience and connectivity but also enable global businesses to migrate their distribution centres to the Kingdom…”

    Strategic Location and Benefits

    Situated just eight kilometres from King Khalid International Airport and connected via a bonded corridor, the new hub will offer unrivalled proximity to global air routes. This advantageous location will ensure faster lead times and seamless access to and from the Middle East’s largest consumer market—facilitating efficient inbound flows into the Kingdom and supporting the burgeoning outbound export trade.

    Mostapha Mokdad, DHL Supply Chain KSA’s Managing Director, stressed the alignment of this initiative with the Kingdom’s Vision 2030, saying, “…our lighthouse site at SILZ is a testimony of supporting our global customers to actively serve the Kingdom of Saudi Arabia as the largest market in the region…”

    Significant Milestone and Future Opportunities

    The agreement represents a significant step in DHL Supply Chain’s long-term expansion strategy in the Kingdom and mirrors the strong alignment between the company’s growth ambitions and Saudi Arabia’s Vision 2030 objectives. The new facility is anticipated to generate new employment opportunities, contributing to local workforce development in line with Vision 2030.

    The collaboration between the two parties will continue through the construction and development phases. Operations at the new hub are expected to enhance regional connectivity and unlock significant long-term economic value.

    Questions & Answers

    When is the construction of the new DHL facility expected to begin?
    Construction is scheduled to start in the first quarter of 2026.

    What is the primary purpose of the new DHL facility in SILZ?
    The facility will serve as a regional logistics and distribution hub catering to various sectors, including technology, retail, automotive, energy, and e-commerce.

    How will the new DHL facility contribute to Saudi Arabia’s Vision 2030?
    The facility aligns with the Vision 2030 objectives by creating new employment opportunities and aiding in the development of the local workforce. It also supports the Kingdom’s ambition to become a global logistics hub.

  • Siam Paragon Unveils $39m Investment In Three New World-class Attractions

    Siam Paragon Unveils $39m Investment In Three New World-class Attractions

    Siam Paragon, a well-known retail destination situated in Bangkok, Thailand, is set to launch three new world-class attractions later this year.

    The initiative, which represents an investment exceeding THB 1.25 billion (approximately US$39 million) and a marketing budget of THB 200 million (US$6 million), is aligned with Siam Paragon’s objective to provide unique attractions that attract international visitors and boost footfall to its retail spaces.

    For instance, the Sea Life Bangkok, one of the largest aquariums in Southeast Asia, nestled within the basement of Siam Paragon, covers an area of 10,500 sqm and attracts over 2.5 million visitors each year.

    Upcoming Attractions

    Following the success of the aforementioned aquarium, Siam Paragon plans to expand its range of attractions by introducing two additional world-class features. These attractions, spanning across 20,000 sqm, consist of MeLand, the first indoor theme park in Thailand, occupying 5000 sqm, and Nextopia, a unique 15,000 sqm prototype representing the ‘world of tomorrow’.

    The inclusion of these new attractions will integrate a total of 30,500 sqm of unique attractions, making Siam Paragon the most diverse entertainment destination in Thailand, catering to a broad spectrum of visitors.

    Furthermore, the center is preparing to launch Siam Paragon Dining Phenomenal, a vibrant dining hub with a selection of over 700 global and local restaurants, cafes, dessert bars, and kiosks.

    A Sneak Peek into Nextopia and MeLand

    Nextopia, supported by an investment of THB 850 million (approximately $26.3 million), is a collaborative endeavor with 50 ‘innovation partners’ and 30 ‘friends’ of Nextopia communities. This endeavor aims to create a better world that brings meaning, joy, entertainment, and a commitment to quality and sustainable living.

    MeLand, to be constructed on the fifth floor of Siam Paragon with an investment of THB 400 million (approximately US$12.5 million), promises to provide families with a world of boundless imagination, play, and discovery, boasting over 100 attractions and 500 edutainment experiences.

    Siam Paragon Dining Phenomenal: Culinary Delights Await

    Siam Paragon is confident that the launch of Siam Paragon Dining Phenomenal will cement its reputation as Asia’s largest and most comprehensive culinary destination, bringing together over 700 restaurants across every level of the mall.

    Starting from the newly renovated Paragon Food Court and Food Hall, visitors can explore over 100 renowned street food eateries that encapsulate the vibrant flavors of Bangkok. The culinary journey continues with legendary Thai eateries, globally-recognized chefs, and unique international introductions.

    A new zone named Eatelier Dining Entertainment, featuring 30 restaurants, offers an artistic touch to every dining experience. Customers can enjoy live performances by bands and DJs, creating a captivating ambience suitable for both day and night.

    A Significant Step for Siam Paragon

    The unveiling of these three attractions in the last quarter of the year represents a significant step in Siam Paragon’s journey as it celebrates its 20th anniversary.

    A representative from Siam Paragon emphasized that the new developments underscore the center’s commitment to delivering “unparalleled experiences to over 100 million visitors annually” and will further elevate Bangkok’s stature as a top destination for global visitors.

    Questions & Answers

    What are the new attractions at Siam Paragon?
    Siam Paragon is set to launch three new attractions: Nextopia, MeLand, and Siam Paragon Dining Phenomenal.

    What is Nextopia?
    Nextopia is a unique prototype that represents a future world. It aims to inspire every step of life with meaning, joy, entertainment, and a commitment to quality and sustainable living.

    What can visitors expect at MeLand?
    MeLand, an indoor theme park, promises to provide families with a world of boundless imagination, play, and discovery with over 100 attractions and 500 edutainment experiences.

  • Ikea’s Ingka Group Invests In Re-mall, Aiming To Amplify Global Plastic Recycling Efforts

    Ikea’s Ingka Group Invests In Re-mall, Aiming To Amplify Global Plastic Recycling Efforts

    Ingka Group, the largest retail operator for Ikea, has invested in recycling expert Re-mall, reinforcing its commitment to reducing waste and enhancing the supply of recycled materials. The specifics of this investment have not been publicized.

    A New Alliance for Sustainable Solutions

    Re-mall, a recycling specialist with headquarters in Shanghai, specializes in the production of high-quality post-consumer recycled polypropylene. The company stands out as one of the few global providers that can produce transparent pellets from post-consumer food packaging waste on a large scale.

    These recycled materials are utilized in a wide variety of products, such as storage containers, tableware, toys, cosmetic packaging, and woven fabrics. Re-mall supplies these materials to a multitude of renowned corporations.

    Lukas Visser, the head of circular investments at Ingka Group, spoke on the collaboration with Re-mall: “Re-mall’s well-established supplier network and their partnerships with top Chinese food delivery service providers are already creating significant impact on the local recycling market on a large scale. By investing in Re-mall, our aim is to magnify this effect to help tackle the worldwide issue of plastic waste and aid in the transition to a circular economy.”

    Impact of the Investment

    Re-mall runs a production facility in the Jiangxi province. The strategic location of this facility allows access to plastic waste sources from major cities like Guangzhou and Shanghai, located in the Yangtze River Delta and Pearl River Delta economic zones.

    The company has stated that Ingka Group’s investment will bolster its recycling capabilities and aid in the development of new products.

    Zhu Kuan, the CEO of Re-mall, expressed his enthusiasm about the new collaboration: “We are delighted to have Ingka Investments as a strategic partner in our mission to expedite the circular economy in the plastics sector. This partnership is a significant step forward in our journey to scale sustainable solutions on a global level. Together, our goal is to transform plastic waste into valuable resources, contributing to a cleaner planet and a more responsible future.”

    Ingka Group runs Ikea retail stores in 31 markets, which equates to approximately 90% of Ikea’s worldwide retail sales.

    Questions & Answers

    What does Re-mall specialize in?
    Re-mall specializes in the production of high-quality post-consumer recycled polypropylene. They are also one of the few global providers that can produce transparent pellets from post-consumer food packaging waste on a large scale.

    What impact will Ingka Group’s investment have on Re-mall?
    The investment by Ingka Group will enhance Re-mall’s recycling capabilities and assist in the development of new products.

    What is the mission of Re-mall and Ingka Group’s partnership?
    The partnership between Re-mall and Ingka Group aims to accelerate the circular economy in the plastics sector, transforming plastic waste into valuable resources, and contributing to a cleaner and more responsible future.