Thursday 19 September 2019

Al Salem Johnson Controls shifts factory to Saudi KAEC

JEDDAH (Saudi Arabia), May 20, 2019

Al Salem Johnson Controls (York), a leading provider of integrated heating, ventilation and air-conditioning (HVAC) solutions and equipment, said it has relocated its new factory to Industrial Valley in Saudi Arabia's King Abdullah Economic City's (KAEC) .

The move comes as part of its continued efforts to develop the company's business in the region's markets, and contribute to the diversification of the Saudi economy in line with Vision 2030.

The new factory's location at KAEC, one of the world's largest economic projects managed by the private sector, will take advantage of the logistic services provided by King Abdullah Port to increase its exports.
Al Salem Johnson Controls (York) has already inked three agreements for expanding its exports and business growth by reaching new markets in the region.

The first deal will help expand its strategic partnership with Johnson Controls International, and will enable it to manage other operations in different countries within the region.

The second one was signed with KAEC to relocate its new factory to the Industrial Valley, which is now the fastest growing logistics and industrial hub in the region, and one of the most attractive destinations for local, regional and international companies.

The third deal states that it will benefit from the services provided by King Abdullah Port, the second largest port in the kingdom, in increasing and accelerating the export of its products to various countries in the region.

Al Salem Johnson Controls (York) CEO Dr Mohanad Al Shaikh pointed out that the strategic partnership’s expansion with Johnson Controls International, in addition to operating a factory in the Economic City, will enhance the company’s leading role to realise the objective of Vision 2030, and will develop local content and grow its business.

Al Shaikh said the factory’s new location at KAEC would broaden its exports to the regional and international markets, by taking advantage of the strategic shipping routes of King Abdullah Port in the Red Sea Region.

"The company's factory in the Economic City will contribute in providing advanced technologies to the kingdom and support to the region's projects, and achieving the ambitious vision of localising the industry and creating job opportunities for Saudi youth of both genders," he added.

KAEC group CEO Ahmed Linjawy said: "The Economic City is a vital example of the post-oil economy and one of the fundamentals of economic development in the kingdom. Today, the Industrial Valley is an attractive destination for investment in the Kingdom, and one of the pillars of the ambitious Vision 2030."

While talking about developing and diversifying the Saudi economy, he pointed out that investment in King Abdullah Economic City in general has promising prospects,  as it is an engine for business growth, and an important source of quality employment opportunities for local competencies.
KAEC Industrial Valley CEO Engineer Ayman Mansi said the Industrial Valley’s strategic location and direct access to King Abdullah Port will provide access to 250 million consumers in the Arab world and East Africa.

"Additionally, the Industrial Valley has attracted more than 116 national, regional, and international companies operating in the industrial and logistics sectors, and we look forward to becoming a major industrial park, and a preferred location for ambitious companies wishing to establish or expand their activities," he stated.
Welcoming the agreement, KAEC's chief executive Rayan Qutb said it allows York to benefit from the logistics services provided by King Abdullah Port.

"The signing of the agreements with King Abdullah Port comes within the framework of activating the strategic partnerships that we are consolidating in the port in parallel with the public and private sectors," he added.-TradeArabia News Service


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