Introduction
Saudi Gulf News: A big contract has signed between Agility Logistics Parks (A subsidiary of Agility Global) and Saudi Arabia's ROSHN Group (Owned by PIF). The purpose of this partnership is to develop a high standard logistics complex that will increase trading ability of country as per Saudi Vision 2030.
Key Project Detail
Feature |
Details |
|
Partnership
Type |
50/50 Joint
Venture (JV) |
|
Companies |
Agility
Logistics Parks & ROSHN Group (PIF owned) |
|
Location |
Jeddah, Saudi
Arabia |
|
Total Land
Area |
1.3 Million
Square Meters |
|
Total
Contract Value |
SAR 2.5
Billion ($666.5 Million) |
|
Storage
& Comm. Space |
650,000
Square Meters |
|
Construction
Start |
Q4 2026 |
|
Development
Phases |
3 Phases |
Key Points of This Project
- A warehouse and commercial area will be developed of 650000 square meter. It will fulfill needs of modern supply chain.
- The project will be completed in three phases in order to maintain standard and speed of project.
- This project is located in such a point which is very important for trade route.
Impact of This Project
- The non oil economy of Saudi Arabia will boost. Jeddah will be a big global logistics hub.
- This project is part of Saudi Vision 2030 to attract private participation and to increase foreign direct investment (FDI) in country.
- Thousands of jobs will be created during construction and operation phase.
- E-Commerce and International trade delivery will be cheap and fast because of modern warehouse.
What is Grade A Warehouse?
Grade A Warehouse is top tier and modern warehouse which is developed as per international standard. There are high ceilings usually 10 to 12 meters are used so vertical space can be used. The flooring system is strong which can bear loads and forklift. An advance firefighting system, 24/7 security, loading docks, and best ventilation systems are present there. They are located in a strategic location so it should be easy to access highway and ports. Modern IT infrastructure is installed for digital tracking.
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