Agility Signs agreement of $163m to build logistics park in Jeddah
4 November 2022Kuwait’s Agility announced in a statement that it has signed an agreement with Saudi Arabia’s State Properties General Authority (SPGA) to build a large logistics park for storage and distribution near Jeddah.
Under the terms of agreement with SPGA, Agility will invest SAR 611 million to build the park over 576,760 Sq.mm and have the right to operate it for 25 years.
The Construction of the park will start in Q1 2023 and the opening of the Agility Logistics Park-Jeddah is anticipated in Q1 2025, statement mentioned.
Related
-
Gamuda to develop 600MW wind and solar with BESS in Tasmania
4 July 2025
-
Hidroelectrica awards EUR 9.5 mln floating photovoltaic system in Romania
3 July 2025
-
Consortium wins Egypt desalination plant EPC contract
3 July 2025
-
Mozambique Grants Zambia Land for Dry Port Project in Nacala
2 July 2025
-
Madagascar signs deal to develop 50 MW of solar with 25 MWh of storage
2 July 2025
-
Globeleq’s Red Sands battery energy storage project reaches financial close
2 July 2025