{"id":92603,"date":"2024-12-17T00:00:00","date_gmt":"2024-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/17\/alsulaimans-flow-bahrains-arcapita-to-develop-logistics-complex-in-riyadh\/"},"modified":"2024-12-17T00:00:00","modified_gmt":"2024-12-17T00:00:00","slug":"alsulaimans-flow-bahrains-arcapita-to-develop-logistics-complex-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/17\/alsulaimans-flow-bahrains-arcapita-to-develop-logistics-complex-in-riyadh\/","title":{"rendered":"Alsulaiman\u2019s Flow + Bahrain\u2019s Arcapita to develop logistics complex in Riyadh"},"content":{"rendered":"

New <\/strong>logistics complex coming to Riyadh<\/strong>:<\/strong> Alsulaiman Group<\/a> \u2019s supply chain arm, Flow Progressive Logistics<\/a>, and Bahrain-based Sharia-compliant real estate and private equity player Arcapita<\/a> will develop and operate a modern class-A logistics complex in Riyadh after signing an agreement, according to a statement<\/a>. There is no publicly available information about the investment ticket or expected timeline for the project.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The details:<\/strong> Arcapita will develop the 80k sqm mixed-use storage complex, while Flow will manage its operations under a long-term lease agreement, the statement said. The facility will include cold storage areas, dry storage for non-perishable goods, temperature-controlled spaces, and specialized areas for pharma and hazardous goods that are intended to meet the growing demand for modern storage and logistics services. <\/p>\n

The pitch:<\/strong> \u201cThe Saudi Arabia industrial and logistics market continues to demonstrate positive supply-demand dynamics that are likely to support rental growth in the foreseeable future. This partnership will contribute to meeting the growing demand for modern logistics facilities and services in Riyadh, where demand is outstripping supply particularly when it comes to higher-quality assets,\u201d Director of Real Estate Investments at Arcapita Isa Al Khalifa said. <\/p>\n

ICYMI:<\/strong> Arcapita closed the SAR 1.8 bn KSA Logistics Fund III<\/a> in March, with the participation of unnamed institutional investors and a GCC-based sovereign wealth fund. The fund is intended to develop Arcapita\u2019s KSA logistics portfolio.The Bahraini fund expanded to Saudi in 2022.<\/p>\n

\n

IN OTHER LOGISTICS NEWS-<\/p>\n

Batic + UAE\u2019s Parkin to collab<\/strong>orate on parking solutions: <\/strong>Smart Cities Solutions Company, a subsidiary of Tadawul-listed Batic Investments and Logistics<\/a>, will work with Dubai\u2019s public parking operator Parkin<\/a> to expand paid parking services in the Kingdom under an MoU it signed with Batic, according to a disclosure (pdf)<\/a> from Parkin. The partnership will involve municipalities, real estate developers, operators of shopping centers, and hotels, among others.<\/p>\n

ALSO-<\/strong> The partnership will see the two sides look into deploying technologies like AI, real-time data analysis, digital gates, sensors, and smart cameras in parking facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 80k sqm mixed-use complex will include storage solutions for pharma and hazardous materials<\/p>\n","protected":false},"author":1,"featured_media":92604,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2640],"tags":[3554,10,3555,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-arcapita","tag-enterpriseam-ksa","tag-flow-progressive-logistics","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"424f2f3c-1b1c-40ca-998d-205fff2c8bbb","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1574.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alsulaiman\u2019s Flow + Bahrain\u2019s Arcapita to develop logistics complex in Riyadh","related_issue":[92588],"teaser":"The 80k sqm mixed-use complex will include storage solutions for pharma and hazardous materials","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.1656dfb8-b3f8-470b-8fba-9fad6f1bb4dd.mp3"},"yoast_head":"\nAlsulaiman\u2019s Flow + Bahrain\u2019s Arcapita to develop logistics complex in Riyadh - 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