Riyadh Development Company and Agility Logistics Parks Sign Strategic Partnership Agreement to Develop SAR 227 million Logistics Facility in Riyadh
Contributing to economic growth in the Kingdom and enhancing the capital’s position as a global logistics hub. Riyadh Development Company (ARDCO), a publicly listed Saudi real estate development and development management company, and Agility Logistics Parks (ALP), announced the signing of a strategic partnership to build a state-of-the-art warehousing facility at a prime location east of Riyadh. The SAR 227m project involves construction of 58,000 SQM of Grade A warehousing on a 97,904 SQM parcel of land in the Rimal district of Riyadh. The integrated logistics center will be built by Agility, on land owned by ARDCO.