Agility Signs MOU with Saudi Railway Company

Parties agree to study need for new freight and logistics infrastructure near Riyadh

RIYADH – OCT. 13, 2024 – Agility, a supply chain services, infrastructure and innovation company, signed a memorandum of understanding with the Saudi Railway Company (SAR) today to look at requirements for inter-modal storage, transportation and processing facilities near Sudair City for Industry and Businesses and near King Khalid International Airport.

Under its Vision 2030 national strategy, Saudi Arabia has set out to establish itself as a global hub for logistics and trade through massive investment in the modernization and expansion of its logistics and transportation infrastructure.

“Saudi Arabia is rapidly moving toward achieving its goal to be one of the world’s most important centers of trade, transportation and logistics,” said Agility Vice Chairman Tarek Sultan. “Agility has been a long-time supporter, partner and investor in the Saudi logistics sector. We have decades of experience here, and we’ve built some of the Kingdom’s most advanced logistics infrastructure. We see a future where Saudi and the region lead the world’s supply chain sector. We thank SAR for giving us the opportunity to be part of this future and the opportunity to contribute to Saudi’s growth and success story”

Agility has been investing in Saudi Arabia for two decades. Its Agility Logistics Parks (ALP) business developed and operates world-class logistics parks and warehousing facilities in Riyadh and Dammam. A third large ALP complex is under construction in Jeddah. Agility’s Riyadh Logistics Park includes “green” buildings that are the first EDGE Advanced-certified warehousing in the GCC.

Other Agility businesses serve Saudi Arabia’s energy, aviation and e-commerce sectors. The company’s corporate venture arm is an investor in Saudi startups in e-commerce and digital freight matching for the trucking industry.

Last year, Agility signed an MOU with the Ministry of Investment of Saudi Arabia (MISA) to strengthen the Saudi healthcare sector by expanding digital health services, localizing the medical technology supply chain, and promoting the transfer of critical supply chain and healthcare knowledge through new services, technology, investment and jobs.

Agility also is one of the largest shareholders in DSV, a global logistics provider and key logistics partner of NEOM, the ultra-modern, smart mega-city project near the Red Sea in the northwest part of the Kingdom.