{"id":82974,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/10\/ardco-agility-logistics-parks-to-build-a-new-riyadh-logistics-complex\/"},"modified":"2024-12-10T00:00:00","modified_gmt":"2024-12-10T00:00:00","slug":"ardco-agility-logistics-parks-to-build-a-new-riyadh-logistics-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/10\/ardco-agility-logistics-parks-to-build-a-new-riyadh-logistics-complex\/","title":{"rendered":"Ardco + Agility Logistics Parks to build a new Riyadh logistics complex"},"content":{"rendered":"

Ardco + Agility partner on new Riyadh logistics hub:<\/strong> Riyadh Development Company (Ardco) inked a SAR 227 mn strategic partnership with Kuwait\u2019s Agility Logistics Parks to develop a 97.9k sqm logistics complex in Riyadh\u2019s Al Remal District, the firm said in a filing to Tadawul<\/a>. Construction is expected to begin at an unspecified time in 2025 with operations set to kick off in 2H 2026.<\/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

More on the project: <\/strong>The facility will include 58k sqm of Grade A warehousing, with the rest of the square meterage dedicated to offering a integrated logistics complex with international specifications.<\/p>\n

Who owns what:<\/strong> The project will be 40% owned by Ardco, with Agility Logistics Parks holding the remaining 60%. <\/p>\n

Ardco had a busy few months: <\/strong>ANB Capital tapped the Tadawul-listed developer as infrastructure developer for a planned SAR 2.1 bn real estate fund last October<\/a>. Ardco also inked a SAR 1.4 bn agreement in September<\/a> to buy two real estate assets from Remat Al Riyadh Development.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction is set to start next year<\/p>\n","protected":false},"author":1,"featured_media":82975,"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":[136],"tags":[15,134,31,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-projects","tag-logistics-park","tag-projects","tag-saudi-arabia","tag-storage-warehouses","wpautop","entry"],"acf":{"mongo_id":"179e3437-53f0-47f8-be2c-b1348afff2a4","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/692.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ardco + Agility Logistics Parks partner on a new Riyadh logistics complex","related_issue":[82969],"teaser":"Construction is set to start next year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.d553a50a-5374-4581-a229-f102280698b6.mp3"},"yoast_head":"\nArdco + Agility Logistics Parks to build a new Riyadh logistics complex - 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