New US$40 mn logistics complex to come up in Riyadh
The Logistics Services Complex Project (Sadr Park) will be developed under the supervision of the Saudi Authority for Industrial Cities and Technology Zones, according to a company statement. The project is likely to be completed by 31 March 2025.Trial operations will begin for three months from the second quarter of 2025. The project will be developed by contractors and suppliers from inside and outside the Kingdom of Saudi Arabia. The release stated the park will be financed by self-funding and borrowings. Sadr Park aims to create an integrated logistics services area to provide storage solutions to customers for refrigerated, frozen and dry storage in line with the company’s strategy for expansion, the statement added.