📋 Tender Overview
Scope of Work:
To Develop Logistics Facilities in Saudi Arabia.
Descripiton:
The collaboration will focus on developing high-quality 'Grade A' logistics and industrial infrastructure across key cities, including Riyadh, Jeddah, and Dammam, with a total planned investment of 2 billion Saudi riyals ($500 million) over the coming five years. The initial allocation will be SAR 375 million ($100 million) to support the first phase and other development initiatives.
The first phase of the partnership includes the development of a logistics park in South Riyadh. The facility will have a built-up area of 50,000 sqm and support the increasing demand for premium logistics solutions in and around Riyadh. Panattoni will use its expertise in development management in the design, construction, and delivery of the logistics facilities while GFH will provide financial support and oversee the sourcing of tenants and leasing activities, with Qatar-based GWC Logistics (GWC) leasing up to 200,000 sqm of space developed by Panattoni over the next four years.
