PSA Ventures and Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) have entered into a strategic partnership to support startups and jointly develop minimum viable products (MVPs) with the prospect of commercial growth. The collaboration aims to introduce cutting-edge technologies that will have a significant impact on global supply chains.
As part of the agreement, the partners will focus on innovations in port automation, clean energy transition, and digital solutions powered by data analytics to improve the efficiency and sustainability of logistics processes.
PSA International Group Head of Operations and Sustainability Eddy Ng said, “This collaboration is a testament to our shared commitment to fostering technological advancements that will redefine logistics and supply chain management. 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.”