SAKO Logistics announces $80 million investment and 500 jobs at regional launch ceremony in Al Khobar ...Saudi Arabia

ٍٍٍSaudi Gazette - Economy
SAKO Logistics announces $80 million investment and 500 jobs at regional launch ceremony in Al Khobar
source : ٍٍٍSaudi Gazette ( Saudi Arabia ) () 67
SAKO Logistics has officially announced the launch of its operations in the Kingdom of Saudi Arabia, unveiling strategic plans to invest up to US$80 million in the Saudi market.The announcement was made during the company's official opening ceremony, held at the Grand Hyatt Al Khobar on October 29, 2026, in the presence of high-level attendees, including representatives from Saudi Aramco, ASMO, and Samsung E&A, alongside a select group of government officials, representatives of industrial entities, leading EPC contractors, clients, and strategic partners.Speaking on the occasion, Yonghyun Ham, CEO of SAKO Logistics, said: "Saudi Arabia is not simply an overseas market for SAKO. It is our long-term strategic home and a market where we intend to grow together with our clients and partners."For his part, a Saudi Aramco representative, in remarks delivered during the ceremony, underscored the central importance of continued investment in local logistics capabilities and in building advanced, competitive supply chains, in support of the major energy, industrial, and infrastructure projects underway across the Kingdom.In line with the Kingdom's development objectives, the announced investment package will be allocated to expanding the company's local transportation fleet, developing its logistics infrastructure, and enhancing the efficiency of the project logistics sector. Through this development program, the company aims to create approximately 500 new jobs and achieve a Saudization rate of up to 60% as the investment project progresses.As part of its comprehensive expansion plan, SAKO intends to strengthen its presence and operational capabilities across several areas, including project logistics, customs clearance, port handling, inland transportation, and heavy and specialized transportation. These steps are intended to build a more robust, integrated logistics platform capable of meeting the complex requirements of giga-projects across all regions of the Kingdom.To achieve these goals, the event highlighted SAKO's strategic cooperation frameworks with ASMO and Samsung E&A. The company plans to strengthen its partnership with ASMO in the logistics services sector and to expand its project logistics cooperation with Samsung E&A through an integrated Strategic Alliance Framework.Through continued investment in advanced equipment, infrastructure, and national talent, SAKO seeks to consolidate the position of its project logistics platform in the Kingdom and contribute actively to the development of the local logistics sector in line with the Kingdom's long-term development goals, positioning Saudi Arabia as a pivotal strategic base for expanding its operations across the GCC and the wider Middle East.SAKO Logistics is a leading provider of comprehensive logistics services, specializing in advanced transportation solutions and industrial project logistics management. The company offers an integrated range of services, including customs clearance, port handling, inland transportation, and heavy and specialized transportation, making it a trusted partner to major companies in delivering energy, industrial, and infrastructure projects across the region.

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