SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
CJ Logistics revealed it will be building a distribution center in Saudi Arabia as it expands its business in the Middle East. The leading logistics company in South Korea shared this plan with the public on Thursday, May 11.
CJ Logistics is looking to open its Global Distribution Center (GDC) in the kingdom by next year. The facility will rise on a large space in the Special Integrated Logistics Zone at King Khalid International Airport in Riyadh. The building is set to become the very first dedicated e-commerce logistics hub in the country.
As per The Korea Times, the company’s GDC will feature state-of-the-art tools and equipment. Its estimated floor area is about 18,000 square meters, and is expected to handle approximately 15,000 boxes per day. The distribution center will become the forwarding base for logistics in Saudi which has easy links to the Middle East, Europe, and Africa.
For this GDC project in the region, CJ Logistics signed an 8-year agreement with iHub earlier this year. The logistics center will also ship iHerb products to the ME. The health and wellness products would probably be mainly sourced in the U.S., where they originated.
The Korean logistics firm is investing about KRW60 billion or $45.4 million for the construction of its global distribution center, The Korea Economic Daily reported. The establishment of the center will mark the company’s strategic entry into the Middle Eastern logistics market. Once in full operation, it will handle orders and deliveries across nine countries in the Middle East, including Kuwait, UAE, and Saudi Arabia.
"The Saudi e-commerce market has high growth potential and the geographical advantage of Saudi Arabia, connecting Africa and Europe," Kang Sin Ho, the chief executive officer of CJ Logistics, said in a statement. "We will deploy the most advanced logistics technology to position the Saudi GDC as a leading logistics hub in the Middle East e-commerce market."
He added, "We will spare no support for state-of-the-art logistics technology and infrastructure so that the GDC can become a logistics hub that leads the Middle East e-commerce market."
Photo by: CJ Logistics Library
