Focus to be on the Saudi metropolises of Riyadh, Jeddah and Dammam
GARBE Industrial, one of the leading developers, providers and managers of logistics and light industrial real estate in Germany and Europe, and ARTAR, a leading real estate developer in the Kingdom of Saudi Arabia have signed a memorandum of understanding to establish a landmark joint venture. The joint venture will operate under the name of AG Logistics Partners.
This strategic partnership will drive the development of next-generation logistics facilities across the Kingdom of Saudi Arabia, fuelling economic diversification and reinforcing the Kingdom’s position as a global logistics powerhouse.
Premium grade warehouses
The joint venture will focus on delivering premium-grade warehouses and distribution centers in key economic hubs, including Riyadh, Jeddah, and Dammam. Over the next five years, the partnership aims to develop several international-standard logistics properties. Each facility will be designed to the highest sustainability benchmarks, incorporating advanced automation, energy-efficient systems, and smart design principles.
“This collaboration marks a pivotal moment in Saudi Arabia’s Vision 2030 transformation,” stated Sulaiman AlRashid, CEO, ARTAR. “By partnering with GARBE’s world-class expertise, we’re not just building warehouses, we’re creating the backbone of a resilient, future-ready supply chain that will drive prosperity for generations to come,” he added.
“Working closely with ARTAR, we will merge local know-how with international experience in order to build up a highly productive logistics infrastructure that will attract international companies to Saudi Arabia,” commented Christopher Garbe, Managing Partner, GARBE Industrial.
