LNME Power 25 CEOs 2020: Mohammed Al-Mudarres, CEO at SISCO, Ranks 14th
For our special feature, with close to 100 submissions from all over the GCC and the Middle East, the Logistics News ME team gives you a round-up of the Top 25 CEOs in the Logistics Industry.
Ranking 14 – Mohammed Al-Mudarres, CEO at SISCO
Mohammed Al-Mudarres, CEO at SISCO, has been a part of the organization for more than 13 years. Mohammed has brought a systematic and structured way of managing their investment and portfolio of companies.
Mohammed told LNME: “We have improved our internal corporate governance and reporting structure tremendously. We have also developed a refined 5-year strategy plan for SISCO back in 2015, which we have already implemented more than 95% of the strategy recommendations up to now. We are in the process of re-evaluating our next 5-year strategy plan with the focus on improving our position in the marketplace and enhancing our investor’s relations programs.”
In the past 12 months, SISCO added the North Container Terminal in Jeddah to their port sector, making SISCO and its subsidiaries the largest container terminal operator in Saudi Arabia. SISCO also signed a new 25-year BOT contract for our water business to develop the city of Taif ISTP plant.
In regards to future projects, Mohammed said: “The pipeline projects include an international expansion of the ports business. In the logistic sector we are developing additional built-to-suit warehousing and logistic facilities for the growing e-commers industry in Saudi Arabia; in addition, we are in the process of evaluation a new multi-user warehouse facility in the city of Jubail for the petrochemical industry. We are also in the bidding process for 2 major BOT projects in the water sector and embarking on new O&M projects.”