Global logistics provider Agility invests SR1bn in KSA

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Time: October 20, 2019  

The new facility was inaugurated on Oct. 17.

Agility, a global logistics provider, has announced the opening of a new 900,000-square-meter logistics park in Riyadh, part of a series of investments in the country valued at SR1 billion ($267 million).

The new facility, inaugurated on Oct. 17, was developed by Agility Logistics Parks (ALP) and includes 250,000 square meter of built-up, high-standard warehousing and logistics facilities. The Riyadh ALP will serve leading multinationals as well as small and medium-sized businesses operating in Saudi Arabia.

Dr. Nabeel Alamoudi, Saudi minister of transportation, said: “The Kingdom of Saudi Arabia has focused on developing the logistics sector by building infrastructure and directing capital investments toward increasing logistics capabilities. Saudi Arabia is also enhancing and simplifying import and export procedures and easing restrictions, to facilitate and open investment opportunities in the country. The Logistics Committee and the National Industrial Development and Logistics Program are working toward achieving the goals set out in the Kingdom’s Vision 2030, and are proud to partner with the private sector to accomplish this.”

The development of the new Riyadh ALP is consistent with Saudi Arabia’s intent to become a regional and global logistics hub.

Henadi Al-Saleh, chairperson, Agility, said: “Agility is committed to building infrastructure that will strengthen the business environment for both multinationals and small and medium-sized businesses in the Kingdom. Our investments, valued at SR1 billion, are aimed at driving the development of logistics facilities across Saudi Arabia. The Agility Logistics Park in Riyadh represents our commitment to supporting the Kingdom’s Vision 2030 to become a regional and global logistics hub.”

This article was first published in Arab News

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