New logistics fund to drive warehouse growth in KSA

Rikaz has partnered with Logistiya and Forsa Capital to launch a SAR 300 million logistics real estate fund, with the first project set to deliver a 67,000 sqm A-Class warehousing facility in Riyadh. The warehouse will be built on a 97,000 sqm plot in The Node project and is expected to begin operations in 2027, strengthening Saudi Arabia’s growing logistics infrastructure.

The new fund and facility aim to support the Kingdom’s expanding logistics sector by delivering modern, high-standard warehousing solutions designed to improve supply chain efficiency. The initiative responds to rising demand for advanced logistics hubs and will help attract institutional investors seeking long-term, income-generating assets such as warehouses and logistics centres.

Rikaz, Logistiya, and Forsa Capital said the partnership reflects a shared commitment to expanding logistics capabilities in line with international benchmarks. The project is expected to enhance Riyadh’s position as a logistics hub and support the Kingdom’s Vision 2030 goals, which identify logistics as a key pillar of economic transformation.

He said the project marks the start of “larger and more ambitious initiatives” in the logistics sector, noting that the new A-Class complex reinforces their commitment to quality, innovation, and global-standard facilities.