Congratulations to Saudi Ports Authority and London Metal Exchange on the addition of Jeddah Islamic Port as an LME approved goods delivery point for Copper and Zinc making Saudi Arabia only the 15th country in the world with LME approved locations.
The London Metal Exchange (LME) is the world’s premier trading platform for industrial metals, known for its robust market infrastructure, transparent trading processes, and global benchmark pricing. With a legacy dating back to 1877, the LME has been a cornerstone in the global metals industry, facilitating the exchange of contracts for metals such as aluminum, copper, and zinc.
There is a stringent process in place for a location to be listed with the LME as an approved goods delivery point. As the Kingdom’s premier developer of state-of-the-art logistics real estate, we at LogiPoint are proud to have played our part in demonstrating the viability and suitability of Saudi Arabia’s warehousing infrastructure for LME.
This strategic alliance marks a significant milestone in our journey towards achieving the Vision 2030 goals, as we work tirelessly to position the Kingdom as a premier global logistics hub. By joining forces with LME, Jeddah is poised to attract substantial investment from global exchanges, reinforcing our infrastructure and capabilities in the logistics sector.
This partnership not only enhances the Kingdom's standing in the global metal supply chain but also opens new avenues for innovation and growth. It reflects our unwavering commitment to creating a robust, resilient, and future-ready logistics ecosystem that meets the evolving needs of the industry.
We are excited about the opportunities this collaboration will bring and are confident it will contribute to the Kingdom’s economic diversification and sustainable development.
Join us as we continue to drive excellence and set new standards in the logistics industry.
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Assistant General Manager for Quality Management System at Indian Designs Exports Pvt. Ltd. Textile Engineering professional Certified with Lean Six Sigma Black belt & ISO 9001:2015 Quality Management System
3moGreatc👍 Congratulations 💐