Agility Invests SAR 1 Billion in Saudi Arabia
New 900,000 sqm logistics park in Riyadh represents support of Vision 2030
RIYADH – October 20, 2019 – Agility, a leading global logistics provider, today announced the opening of a new 900,000 square meter logistics park in Riyadh, part of a series of investments in the country valued at 1 billion Saudi riyals (SAR).
The new facility, inaugurated on October 17, was developed by Agility Logistics Parks (ALP) and includes 250,000 sqm of built-up, high standard warehousing and logistics facilities. The Riyadh ALP will serve leading multinationals as well as small and medium-sized businesses operating in Saudi Arabia.
H.E. Dr. Nabil Alamoudi, Saudi Arabia Minister of Transportation, said: “The Kingdom of Saudi Arabia is heavily investing in logistics infrastructure, to enable us to compete globally, in line with the goal set out in Vision 2030. The support of key private sector partners, such as Agility, will help us achieve this vision.”
The development of the new Riyadh ALP is consistent with Saudi Arabia’s intent to become a regional and global logistics hub. Among the goals outlined as part of the country’s Vision 2030, the Saudi government seeks to diversify the economy, grow the private sector, create new jobs, improve its competitiveness, become a logistics leader, increase non-oil exports, and draw foreign investment.
Henadi Al-Saleh, Chairperson, Agility, said: “Agility is committed to building infrastructure that will strengthen the business environment for both multinationals and small and medium-sized businesses in the Kingdom. Our investments, valued at SAR 1 billion, are aimed at driving the development of logistics facilities across Saudi Arabia. The Agility Logistics Park in Riyadh represents our commitment to supporting the Kingdom’s 2030 vision to become a regional and global logistics hub.”
Across the GCC, and in Saudi Arabia, Agility also invests in technology to transform the logistics industry. Agility is an investor in Homoola, a digital load-matching service that is based in Saudi Arabia and uses technology to improve road freight efficiency by connecting shippers and trucking companies. In addition, Agility’s digital logistics arm – Shipa – also operates in the Kingdom, providing last-mile delivery services as well as access to the world’s most comprehensive online freight forwarding platform.
In the 2019 Agility’s Emerging Markets Logistics Index, Saudi Arabia ranked sixth globally, and fifth for business fundamentals, among the world’s 50 leading emerging markets, indicative of the country’s notable improvement in its business environment.
Agility is a global logistics company with $5.1 billion in annual revenue and 26,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.
Agility Logistics Parks is one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and South Asia. It funds, builds and manages world-class facilities and infrastructure that help companies operate in the world’s fastest-growing markets. Agility Logistics Parks’ parent, Agility, is a pioneer in emerging markets and a leader and investor in technology to enhance supply chain efficiency. Agility is a publicly traded company with $5.1 billion in annual revenue.