SAL and Sela Agree to Launch the SAL Logistics Zone in Riyadh
Deal News | Mar 18, 2025 | Zawya
SAL Logistics Services and Sela have signed an agreement to develop the SAL Logistics Zone in Falcon City, north of Riyadh, as part of efforts to strengthen Saudi Arabia’s logistics sector in accordance with Vision 2030. The agreement was signed in the presence of Saudi ministers and business leaders, emphasizing the initiative's significance. This SAR 4 billion project will cover an area of over 1.5 million square meters aiming to improve supply chain efficiency and position Saudi Arabia as a global logistics leader. The planned logistics zone will be strategically located near King Khalid International Airport and key transport networks, featuring Class A warehouses and cutting-edge infrastructure, aligning with SAL's sustainability and efficiency goals. The project is part of Falcon City, a vast development expected to enhance various economic sectors and provide a comprehensive business ecosystem in Riyadh.
Sectors
- Logistics
- Real Estate
Geography
- Saudi Arabia – The article focuses on the logistics development within Falcon City, near Riyadh, Saudi Arabia.
- Riyadh – Riyadh is the location for the new SAL Logistics Zone and the Falcon City development, a key area in Saudi Arabia's strategic growth.
Industry
- Logistics – The article discusses the establishment of a new logistics zone, focusing on supply chain efficiency and integration in Saudi Arabia.
- Real Estate – The establishment of Falcon City, including commercial, residential, and logistics zones, relates to real estate development and integrated economic planning.
Financials
- SAR 4 billion – Investment in developing the SAL Logistics Zone in Falcon City, north of Riyadh.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SAL Logistics Services | Developer | Company | SAL Logistics Services is collaborating with Sela to establish the SAL Logistics Zone, strengthening Saudi Arabia's logistics capabilities. |
| Sela | Developer | Company | Sela is partnering with SAL Logistics to develop Falcon City and the logistics zone, contributing to integrated infrastructure development. |
| H.E. Eng. Saleh bin Nasser Al-Jasser | Monitor | Government | Minister of Transport and Logistics Services, involved in the project's signing ceremony, highlighting governmental support. |
| H.E. Eng. Khalid bin Abdulaziz Al-Falih | Monitor | Government | Minister of Investment, present at the signing ceremony, indicating governmental approval and investment interest. |
| Omar bin Talal Hariri | Signatory | Person | CEO of SAL Logistics Services, responsible for signing the agreement and emphasizing the project's goals. |
| Dr. Rakan Al-Harthi | Signatory | Person | Managing Director of Sela, signing the agreement and highlighting project significance and collaboration benefits. |