Alshaya to build new logistics hub in KAEC
01 January 2017
King Abdullah Economic City (KAEC), the largest privately funded new city development in the world, has signed a contract with Alshaya International Trading Company to lease a 91,000-sq-m area located in the third phase of the Industrial Valley.
A leading international retail franchise business and a major player in Saudi Arabia, Alshaya offers consumers a wide portfolio of more than 40 retail brands including Starbucks, H&M, Mothercare, Debenhams, and Victoria’s Secret, with over 800 stores across the kingdom.
The new lease will support Alshaya’s ongoing expansion plans in Saudi Arabia by providing a location for a new west coast logistics hub, said KAEC.
The Industrial Valley has already attracted 120 major local, regional and international companies, of which 25 have already gone live with their operations and 35 are currently completing their facilities.
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