ewpartners, a Saudi investment firm, has announced a $50 million investment in Leshines, a Chinese supply chain solutions arm of Lenovo, as part of the Future Investment Initiative. This move aims to strengthen both companies’ commitment to supporting local industrial growth and improving the business environment in Saudi Arabia.
Leshines is also looking to enter the the Saudi Arabia-China Special Economic Zone at King Salman International Airport in Riyadh, an initiative announced by the Saudi Minister of Transport and Logistics Services. The economic zone spans 4 square kilometers and includes a logistics industrial park, an international commercial and business center, as well as residential and service facilities. The zone is expected to attract over 3,000 wholesalers and retailers, along with around 200 light industrial manufacturers from China and Asia, further enhancing economic cooperation between the two countries and contributing to the development of Saudi industry.
Jerry Li, Founder and Managing Partner of ewpartners, emphasized that this investment reflects the company’s commitment to boosting local industrial growth and advancing Saudi institutions, in line with Saudi Vision 2030.
