Agility's SAR 611mln investment in Jeddah Logistics Park helps Saudi Arabia become a global logistics powerhouse

At the SPGA offices in Riyad, Vice President of Agility Logistics Parks Maher Jaber Al Thabit signed the deal with Deputy State Properties General Administration Representative Hamza Al-Askar. Agility will invest 611 million SAR (USD 163 million) to create the park and will have the right to run it for 25 years under the terms of its deal with SPGA. The Agility Logistics Parks in Riyadh (870,000 SQM) and Dammam are the most cutting-edge in the country (200,000 SQM). Starting in the first quarter of 2023, workers on the Jeddah-Al Mahjar project will clear land south of Jeddah and build a state-of-the-art warehouse complex on a plot measuring 576,760 square metres. The Agility Logistics Park - Jeddah is scheduled to open in the first quarter of 2025.

His Excellency, Governor of the State Properties General Administration Mr. Ihsan Bafakih said, “This step will help the SPGA pursue and achieve its strategic objective of efficient management of its real estate assets in a way that maximizes the benefits for the development of the economy. The SPGA is studying its real estate portfolio and working towards transforming its assets into lucrative investment opportunities by providing suitable property for sustainable, pioneering projects with private-sector partners.” Bafakih said initiatives such as the Agility facility in Jeddah offer an opportunity to enhance the contribution of the country’s real estate assets to GDP while increasing the value of the government-held property, developed infrastructure, and sustainable buildings.

Agility said the park in Jeddah will serve international and local customers in the retail, consumer goods, technology, automotive, energy, and e-commerce sectors. “Agility’s Jeddah complex will accelerate Saudi economic growth and make it easier for international and local companies to expand in the Kingdom,” said Michel Saab, CEO of Agility Logistics Parks/Global Operations. “Ultra-efficient warehousing and distribution are a huge competitive advantage. Companies operating from these parks shorten their time-to-market, reduce cost and risk, increase inventory turns and boost productivity.”

The warehouses at Agility Logistics Parks are built to international standards and include cutting-edge engineering and environmentally friendly design. The parks are fully staffed and secure at all times. Post-construction EDGE Advanced (Excellence in Design for Greater Efficiencies) certification was awarded to a warehouse in Agility's Riyadh park. In order to be considered "zero-carbon ready," a building must be at least 40% more energy efficient than competing products on the market.