Agility Logistics Parks and ROSHN Group to Develop Grade A Logistics Park | premargin
Agility Logistics Parks and ROSHN Group to Develop Grade A Logistics Park
·ADX·General Disclosure | Announcements·March 5, 2026·View on exchange
AI Summary
Agility Logistics Parks and ROSHN Group (a PIF company) have entered into a 50:50 joint venture agreement to develop a Grade A logistics park in Jeddah, Saudi Arabia.
The project has an estimated total value of approximately SAR 2.5 billion, covering both land and development costs.
The development will consist of three phases on 1.3 million square meters of land, delivering about 650,000 square meters of warehousing and commercial space.
Construction is scheduled to begin in the fourth quarter of 2026.