Riyadh Development Company was established by Royal Decree No. (M/2) on 09/02/1414H as a Saudi joint-stock company, with a visionary approach from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, during his tenure as the leader of the Riyadh Region. The goal was to develop the area surrounding the Qasr Alhokm. Since its inception, the company has focused on real estate development and development management. This has included the development of integrated residential communities, as well as the establishment, operation, and expanded into management of public good service projects to enhance the capital. The company launched its “Invest for Growth” strategy to double down on priority real estate development sectors that includes residential, offices, logistics and educational developments in addition to its long-standing experience in infrastructure development. The company has successfully created and managed several development and service projects that serve over 2,000 clients and tenants, and more than 20 million citizens and residents, employing over 150 qualified national staff members.
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About Agility
Agility is a global leader in supply chain services, infrastructure, and innovation with 65,000+ employees across six continents. A multi-business operator and investor, Agility specializes in growing and scaling operating businesses. Agility’s companies include the world’s largest aviation services company (Menzies Aviation); a global fuel logistics business (Tristar); a leading logistics parks developer and operator across the Middle East, South Asia, and Africa (Agility Logistics Parks); and a commercial real-estate company developing a mega-mall in the UAE (UPAC). Other Agility companies offer customs digitization services, remote-site infrastructure services, defense and government services, and ecommerce-enablement and digital logistics. Agility invests in supply chain innovation, sustainability, and resilience, and has minority holdings in a growing portfolio of listed and non-listed companies.
Agility Logistics Parks (ALP), Agility’s industrial real estate business, builds and operates some of the largest and most modern warehousing and logistics complexes in Saudi Arabia, including in Riyadh, Jeddah and Dammam. Agility’s Riyadh logistics park facilities were the first-ever warehouses in the GCC to receive EDGE Advanced “green building” certification. EDGE (Excellence in Design for Greater Efficiencies) is the global standard for energy-efficient buildings, a certification overseen by the International Finance Corp., an arm of the World Bank. EDGE Advanced buildings are “zero-carbon ready” structures that are at least 40% more energy efficient than others in the market.
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