{"id":85249,"date":"2025-03-19T00:00:00","date_gmt":"2025-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/"},"modified":"2025-03-19T00:00:00","modified_gmt":"2025-03-19T00:00:00","slug":"sal-to-develop-sar-4-bn-logistics-zone-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/","title":{"rendered":"SAL to develop SAR 4 bn logistics zone in Riyadh"},"content":{"rendered":"

SAL to build a SAR 4 bn logistics zone in Riyadh:<\/strong> SAL Saudi Logistics Services announced plans to construct, develop, and operate a new logistics zone in Riyadh\u2019s Falcon City at an investment of SAR 4 bn, according to a statement (pdf)<\/a>. The logistics player also inked a preliminary agreement to lease a 1.5 mn sqm plot of land from PIF\u2019s entertainment and investments arm Sela to develop the logistics zone in Falcon City, according to a Tadawul disclosure<\/a>.<\/p>\n

The lease breakdown:<\/strong> Under the lease agreement, SAL will lease the land for a period of 30 years \u2014 with the possibility to extend an additional 15 years and a grace period of three years. SAL will pay Sela SAR 25 mn to front electricity, access roads, and infrastructure costs. SAL is uptaking the land at a lease rate of SAR 16 per sqm, with an annual inflation rate set at 1.5% following the grace period. The two parties are scheduled to complete the final leasing agreement within 6 months. <\/p>\n

Who\u2019s involved:<\/strong> Sal also separately inked a framework agreement with the government initiative Shareek program<\/a> to support the project, according to a Tadawul disclosure<\/a> and a statement (pdf)<\/a>. Under the agreement, Sal will be able to discuss its eligibility for and request empowerment programs from the government body. Shareek\u2019s eligibility obligation is in effect until 31 December 2030. Further details regarding the partnership were not disclosed.<\/p>\n

REMEMBER- SAL just had a good year: <\/strong>SAL logged<\/a> a net income of SAR 661 mn in 2024, up 30% y-o-y. The improved performance came on the back of growth in volumes and cost savings. Meanwhile, revenues were up 12% at SAR 1.6 bn on the back of solid results across the firm\u2019s divisions despite geopolitical challenges.<\/p>\n

About the facility:<\/strong> The facility will include state-of-the-art Class A warehouses, operational facilities, multimodal connectivity, and smart tech. The project looks to boost the Kingdom\u2019s supply chain efficiency and operational logistics environment. The zone comes as a new revenue segment for Sal, which is forecast to reflect on the firm\u2019s earnings upon the project\u2019s completion.<\/p>\n

About Falcon City:<\/strong> The 14.4 mn-sqm city project is a next-generation city under the ownership of Sela and home to the Saudi Falcons Club, a cultural and heritage landmark in the Kingdom. The club boosts tourism and cultural engagement by hosting local and international events, as well as programs and activities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The logistics player also inked a preliminary agreement to lease a 1.5 mn sqm plot of land from PIF\u2019s Sela to build the zone<\/p>\n","protected":false},"author":1,"featured_media":85250,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[45],"tags":[44,152,410,31,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-logistics-hub","tag-sal","tag-saudi-arabia","tag-zones","wpautop","entry"],"acf":{"mongo_id":"730b51ef-ff58-4b48-ba42-ce49ea9efde0","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/624.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SAL to develop SAR 4 bn logistics zone in Riyadh","related_issue":[85244],"teaser":"The logistics player also inked a preliminary agreement to lease a 1.5 mn sqm plot of land from PIF\u2019s Sela to build the zone","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.7a3b076e-6710-4caf-8109-3ff007245c5c.mp3"},"yoast_head":"\nSAL to develop SAR 4 bn logistics zone in Riyadh - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAL to develop SAR 4 bn logistics zone in Riyadh\" \/>\n<meta property=\"og:description\" content=\"The logistics player also inked a preliminary agreement to lease a 1.5 mn sqm plot of land from PIF\u2019s Sela to build the zone\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SAL to develop SAR 4 bn logistics zone in Riyadh\",\"datePublished\":\"2025-03-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\"},\"wordCount\":397,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1\",\"keywords\":[\"INVESTMENT WATCH\",\"logistics hub\",\"SAL\",\"Saudi Arabia\",\"ZONES\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\",\"name\":\"SAL to develop SAR 4 bn logistics zone in Riyadh - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-03-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SAL to develop SAR 4 bn logistics zone in Riyadh\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SAL to develop SAR 4 bn logistics zone in Riyadh - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/","og_locale":"en_US","og_type":"article","og_title":"SAL to develop SAR 4 bn logistics zone in Riyadh","og_description":"The logistics player also inked a preliminary agreement to lease a 1.5 mn sqm plot of land from PIF\u2019s Sela to build the zone","og_url":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/","og_site_name":"Logistics","article_published_time":"2025-03-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"SAL to develop SAR 4 bn logistics zone in Riyadh","datePublished":"2025-03-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/"},"wordCount":397,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1","keywords":["INVESTMENT WATCH","logistics hub","SAL","Saudi Arabia","ZONES"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/","url":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/","name":"SAL to develop SAR 4 bn logistics zone in Riyadh - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1","datePublished":"2025-03-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/19\/sal-to-develop-sar-4-bn-logistics-zone-in-riyadh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"SAL to develop SAR 4 bn logistics zone in Riyadh"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/624.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/85249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=85249"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/85249\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/85244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/85250"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=85249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=85249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=85249"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=85249"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=85249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}