PSA Ventures, the venture capital arm of PSA International, and the National Industrial Development and Logistics Program (NIDLP) of Saudi Arabia have announced a strategic collaboration to drive innovation in port automation and sustainable supply chains. This partnership will focus on identifying, nurturing, and investing in promising start-ups, as well as jointly developing Minimum Viable Products (MVPs) with a clear pathway to commercialization.
“This collaboration is a testament to our shared commitment to fostering technological advancements that will redefine logistics and supply chain management,” said Eddy Ng, Group Head of Operations and Sustainability at PSA International.
The collaboration will focus on key areas such as:
- State-of-the-art port automation: Developing and implementing advanced technologies to automate port operations and improve efficiency.
- Green energy transition: Investing in and promoting the adoption of green and renewable energy solutions across the supply chain.
- Data-driven digital solutions: Enhancing data analytics and digital tools to optimize logistics processes and decision-making.
Strategic Areas of Cooperation
PSA Ventures and NIDLP have identified three strategic areas for cooperation:
- Mutual Market Access and Technology Piloting: Facilitating market entry and testing innovative solutions in real-world operational environments.
- Mutual Knowledge Transfer and Mentorship: Enhancing expertise and industry best practices through exchange programs and mentorship.
- Cross-Border Co-Investments: Enabling joint investment opportunities to scale high-potential technologies and solutions.
The partnership will also explore opportunities for inter-government funding support to further strengthen the foundation for long-term innovation and growth.
“At NIDLP, we are committed to driving innovation that shapes the future of logistics and supply chain management,” said Eng. Suliman Almazroua, CEO of NIDLP. “Our collaboration with PSA Ventures is a pivotal step toward advancing port automation, sustainable supply chains, and digital transformation.”
This collaboration underscores the commitment of both organizations to drive innovation, enhance efficiency, and promote sustainable solutions in the global logistics and supply chain ecosystem.
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