Tusdeer, a leading logistics zones development company in the Kingdom, organized its first commodities seminar at Jeddah Chamber of Commerce (JCCI) on Monday. Key officials from Tusdeer, London Metal Exchange and Arabian Bulk Trade Company participated in the program. CEOs and executives of leading domestic and international companies in the commodities sector, including consumers, producers and traders of commodities as well as warehouse and logistic companies and trade finance banks also marked their attendance in Tusdeer commodities seminar. This seminar was to aware people on the topic of how the Bonded and Re-export Zone Tusdeer at Jeddah Islamic Port is creating a regional logistics hub for LME specification material, providing just-in-time source of inventory for consumers and giving transparency and security for regional and international banks to finance stocks. London Metal Exchange also discussed the launch of LMEshield, its new electronic warehouse receipt system with Tusdeer. Attendees also went for a tour after the seminar to visit and appreciate Tusdeer Bonded & Re-Export Zone facilities at Jeddah Islamic Port. Tusdeer is the first Bonded & Re-Export Zone at Jeddah Islamic Seaport being the largest and most modern in the region and the gateway to the Middle East and Africa. This extremely important strategic concept is the first real opportunity in Saudi Arabia for Saudi industrialists or traders as well as international companies whether they are importers or exporters to promote their business locally or internationally by utilizing Jeddah as a hub port through its Bonded & Re-Export Zone. — SG
