ewpartners Invests $50 Million in Leshines to Boost Local Manufacturing in the Middle East
ewpartners, the Saudi-Asia cross-border investment platform, has announced a strategic investment of USD $50 million in Leshines, Lenovo Group’s supply chain solutions provider. The investment, made during the Future Investment Initiative (FII) in Riyadh, aims to localize Leshines’ manufacturing capabilities in Saudi Arabia and strengthen the Kingdom's position within global supply chains.
The investment underscores both ewpartners' and Leshines’ commitment to fostering local industrial growth and supporting Saudi Arabia’s Vision 2030 by empowering local enterprises. It follows Lenovo and Alat’s earlier US$2 billion partnership, advancing the mission to create localized production hubs in the region. Leshines is also exploring the potential to operate within the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh. This newly planned zone will cover 4 square kilometers and include logistics, commercial, and industrial facilities, enabling international companies to establish manufacturing bases in Saudi Arabia.
Jerry Li, Founder and Managing Partner of ewpartners, noted, “Our investment in Leshines reflects our commitment to Saudi Arabia's industrial growth and economic transformation. We are excited to bring advanced supply chain solutions to the region and empower local enterprises.”
Alan Zhou, COO of Leshines, added, “With ewpartners’ support and resources, we are poised to establish Saudi Arabia as a pivotal node in the Smart Supply Chain Platform, contributing significantly to Vision 2030.”
This investment marks the first transaction for ewpartners Fund II, building on the growing ties between China and the Middle East. The investment model has attracted support from GCC sovereign wealth funds, with commitments including USD $150 million from the Oman Investment Authority.
