Agility starts major Riyadh logistics parks expansion
RIYADH, October 13, 2024
Agility, a global leader in supply chain services, infrastructure, and innovation, has announced plans for the final phase of expansion at the Agility Logistics Parks (ALP) warehousing complex in Riyadh.
The expansion project, being implemented at an investment of SAR250 million ($66.5 million), will add another 100,000 sq m of Class A warehousing to the complex, taking the total available to 551,368 sq m.
According to Agility, the first phase of the expansion will be ready and operating in Q1 next year. It is expected to create 300 new jobs for Saudis.
ALP operates state-of-the-art warehousing complexes in Riyadh and Dammam. The company is investing more than SAR611 million to build a third ALP complex, near Jeddah.
It offers some of Saudi Arabia’s most modern, sustainable warehousing. Its Riyadh facility is home to storage, distribution, processing, and fulfillment operations of some of the country’s leading consumer, industrial and e-commerce brands.
In 2022, a warehouse at the Riyadh park became the first building in the kingdom and the first warehouse in the GCC to receive EDGE (Excellence in Design for Greater Efficiencies) Advanced certification.
A global standard for energy-efficient buildings, EDGE is a certification system overseen by the International Finance Corp. (IFC), an arm of the World Bank. EDGE Advanced buildings are 'zero-carbon ready' structures that are at least 40% more energy efficient than others in the market.
On the expansion Global CEO Michel Saab said the help and collaboration of the Royal Commission for Riyadh City (RCRC), the Ministry of Investment (MISA), and the Riyadh region municipality were vital to the launch of the ALP expansion in Riyadh.
"ALP’s expansion in Riyadh is not just about increasing our operational capacity," stated Saab but it represents a substantial contribution to the growth of the logistics market in Saudi Arabia and will allow international companies to invest in their growth in the kingdom.
"By building world-class warehousing, we are able to provide critical infrastructure that is helping to make the Kingdom a global and regional logistics hub," he added.-TradeArabia News Service