PSA Ventures and NIDLP forge strategic innovation partnership
PSA Ventures and the National Industrial Development and Logistics Program (NIDLP) have entered a strategic collaboration to identify, nurture, and invest in promising start-ups. They will also jointly develop Minimum Viable Products (MVPs) with a clear pathway to commercial scale. This partnership aims to advance high-impact technologies that will shape the future of global supply chains.
Under this agreement, both parties will focus on driving innovation in key areas such as state-of-the-art port automation, green energy transition, and data-driven digital solutions. The goal is to enhance efficiency and sustainability across the supply chain. 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, PSA International.
“Just as nodes in a network interconnect to enable seamless data exchange, PSA Ventures and NIDLP will serve as critical links bridging Singapore, Saudi Arabia, and the rest of the world. By leveraging our combined expertise, we aim to accelerate the adoption of transformative solutions that benefit global trade and sustainability.
As part of the partnership, PSA Ventures and NIDLP will allocate resources to three strategic areas of cooperation:
1. Mutual Market Access and Technology Piloting – Facilitating market entry and testing innovative solutions within real-world operational environments.
Strategic collaboration for supply chain innovation
2. Mutual Knowledge Transfer and Mentorship – Enhancing expertise and industry best practices through structured exchange programs and mentorship.
3. Cross-Border Co-Investments – Enabling joint investment opportunities to scale high-potential technologies and solutions. Additionally, both parties will explore opportunities for inter-government funding support, further strengthening 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, with support from the Ministry of Transport and Logistics Services. Our collaboration with PSA Ventures is a pivotal step toward advancing port automation, sustainable supply chains, and digital transformation,” said Eng. Suliman Almazroua, CEO, National Industrial Development and Logistics Program (NIDLP).
By combining our expertise, we aim to develop scalable, high-impact technologies that enhance operational efficiency and accelerate the green energy transition. This partnership reaffirms Saudi Arabia’s position as an industrial powerhouse and a global logistic hub, in alignment with the Saudi Vision 2030.
This collaboration underscores the commitment of PSA Ventures and NIDLP to drive innovation, enhance efficiency, and promote sustainable solutions that will define the future of the global logistics and supply chain ecosystem.
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February 19, 2025 at 08:58PM
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