Local firms Sal Logistics Services and Sela will develop the Sal logistics zone in Falcon City, north of Riyadh
Saudi Arabia-based firms Sal Logistics Services and Sela have signed an agreement to develop the Sal logistics zone in Falcon City, north of Riyadh.
The project will be developed at an estimated cost of about SR4bn ($1bn) and will cover an area of over 1.5 million square metres.
The signing ceremony was held in Riyadh earlier this week. It was attended by Transport & Logistics Services Minister Saleh Bin Nasser Al-Jasser; Investment Minister Khalid Bin Abdulaziz Al-Falih; Omar Bin Talal Hariri, the CEO of Sal Logistics Services; and Rakan Al-Harthi, managing director of Sela.
The logistics hub aims to meet the demand for customised warehouses located near King Khalid International airport and Riyadh Metro.
The project is in line with Vision 2030 and the National Transport & Logistics Strategy, which aims to support the kingdom's logistics sector and enhance Saudi Arabia’s position as a global logistics hub.
تعرّف على منطقة #سال الأيقونة اللوجستية في شمال الرياض والتي تجمع بين الكفاءة ونمو الأعمال، وتدعم توسع الأعمال من خلال بنية تحتية عالمية تعزز تكامل سلاسل الإمداد وكفاءة التشغيل.
للمزيد عن #وجهتك_اللوجستية: https://t.co/ktSUYOJuaF pic.twitter.com/xEllGf2oMP
— SAL (@SaudiaLogistics) March 18, 2025
GlobalData expects the kingdom's construction industry to record an annual average growth rate of 5.2% in 2025-28, supported by investments in the transport, electricity, housing and tourism infrastructure projects, as well as the $850bn-plus gigaprojects programme.
Growth will also be supported by government investments in rail, dams, industrial and road infrastructure projects.
The industrial sector is estimated to grow by 3.3% in 2025-28, supported by investments in the development of manufacturing, logistics, chemicals and pharmaceuticals plants.
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