Latest news with #OmarbinTalalHariri
Zawya
19-03-2025
- Business
- Zawya
Saudi SAL, Sela in deal to set up $1bln Falcons City logistics zone
SAL Saudi Logistics Services Company has announced that it has signed an agreement with Sela Company to launch a new logistics zone at an investment of SAR4 billion ($1.1 billion) within the Falcons City project north of Riyadh. Spanning over 1.5 million sq m area, the facility will feature high-quality, Category A warehouses and storage spaces designed to meet diverse requirements, said a statement from SAL Saudi Logistics Services Company. The initiative aligns with their joint efforts to enhance strategic partnerships, support the logistics sector, and boost the kingdom's position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy, it stated. The agreement was signed by SAL CEO Omar bin Talal Hariri and Sela Managing Director Rakan Al Harthy at a key ceremony held in the presence of Minister of Investment Khalid Al Falih and Minister of Transport and Logistic Services Saleh Al Jasser. It was also attended by General Authority of Civil Aviation President Abdulaziz Al Duailej, Saudi Falcons Club CEO Talal bin Abdulaziz Al Shamaisi, and several other senior officials, investors, and business leaders. Falcon City, for which the agreement was inked, enhances the appeal of the Malham area north of Riyadh. Home to the Saudi Falcons Club, one of the region's most prominent cultural and heritage landmarks, the area has contributed to tourism and cultural activities through its programs, events, and international initiatives. This integration of economic projects with heritage activities attracts visitors and investors while reinforcing the area's status as a comprehensive destination that blends a modern economy with the preservation of Saudi Arabia's cultural heritage, it stated. On the new logistics zone, Hariri said it will significantly enhance the company's capabilities due to its strategic location near King Khalid International Airport, major highways, and rail networks connecting various regions of the kingdom. "This will solidify its position as a comprehensive hub for shipping and distribution operations, further supporting Saudi Arabia's role as a key global trade center," he noted. According to him, the SAR4-billion investment in developing a model logistics zone aligns with SAL's strategic plan to enhance its leadership as a national logistics provider that adheres to the highest global standards. "The key facility will boast high-quality Category A warehouses and storage spaces for diverse requirements," he stated. Falcons City represents an advanced model of integrated cities, spanning 14.4 million sq m in the Malham area north of Riyadh. Its strategic location ensures easy accessibility and includes key facilities such as the Riyadh Exhibition and Convention Center, a state-of-the-art logistics zone attracting major global companies, an aviation runway, and an aircraft maintenance area, all of which enhance air transport and cargo efficiency. The project also features economic, commercial, residential, hospitality, and entertainment zones, along with an outlet mall to meet the aspirations of investors, residents, and visitors, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
18-03-2025
- Business
- Trade Arabia
Saudi SAL, Sela in deal to set up $1bn Falcons City logistics zone
SAL Saudi Logistics Services Company has announced that it has signed an agreement with Sela Company to launch a new logistics zone at an investment of SAR4 billion ($1.1 billion) within the Falcons City project north of Riyadh. Spanning over 1.5 million sq m area, the facility will feature high-quality, Category A warehouses and storage spaces designed to meet diverse requirements, said a statement from SAL Saudi Logistics Services Company. The initiative aligns with their joint efforts to enhance strategic partnerships, support the logistics sector, and boost the kingdom's position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy, it stated. The agreement was signed by SAL CEO Omar bin Talal Hariri and Sela Managing Director Rakan Al Harthy at a key ceremony held in the presence of Minister of Investment Khalid Al Falih and Minister of Transport and Logistic Services Saleh Al Jasser. It was also attended by General Authority of Civil Aviation President Abdulaziz Al Duailej, Saudi Falcons Club CEO Talal bin Abdulaziz Al Shamaisi, and several other senior officials, investors, and business leaders. Falcon City, for which the agreement was inked, enhances the appeal of the Malham area north of Riyadh. Home to the Saudi Falcons Club, one of the region's most prominent cultural and heritage landmarks, the area has contributed to tourism and cultural activities through its programs, events, and international initiatives. This integration of economic projects with heritage activities attracts visitors and investors while reinforcing the area's status as a comprehensive destination that blends a modern economy with the preservation of Saudi Arabia's cultural heritage, it stated. On the new logistics zone, Hariri said it will significantly enhance the company's capabilities due to its strategic location near King Khalid International Airport, major highways, and rail networks connecting various regions of the kingdom. "This will solidify its position as a comprehensive hub for shipping and distribution operations, further supporting Saudi Arabia's role as a key global trade center," he noted. According to him, the SAR4-billion investment in developing a model logistics zone aligns with SAL's strategic plan to enhance its leadership as a national logistics provider that adheres to the highest global standards. "The key facility will boast high-quality Category A warehouses and storage spaces for diverse requirements," he stated. Falcons City represents an advanced model of integrated cities, spanning 14.4 million sq m in the Malham area north of Riyadh. Its strategic location ensures easy accessibility and includes key facilities such as the Riyadh Exhibition and Convention Center, a state-of-the-art logistics zone attracting major global companies, an aviation runway, and an aircraft maintenance area, all of which enhance air transport and cargo efficiency.
Arab News
18-03-2025
- Business
- Arab News
$1.06bn deal signed to launch new logistics zone in Riyadh's Falcon City
RIYADH: A new SR4 billion ($1.06 billion) logistics zone will be created within Falcon City in northern Riyadh, after a deal between Saudi firms SAL and Sela Co. The development will provide integrated infrastructure combining Class A warehouses, multimodal connectivity, and smart logistics technologies to enhance supply chain efficiency and facilitate the faster movement of goods locally and regionally. The deal, which aims to strengthen the Kingdom's position as a global logistics hub, is backed by the Private Sector Partnership Program, also known as Shareek. The agreement comes as the Kingdom plans to invest more than SR1 trillion in the logistics sector by 2030, with the number of facilities already up by 267 percent since 2021. Commenting on the Falcon City deal, Omar bin Talal Hariri, CEO of SAL, said: 'The SAL Logistics Zone is not just a development project — it is a model for the future of integrated logistics services. 'We are leveraging technology and sustainability to create an advanced operational environment that attracts investment and supports the Kingdom's economic growth.' The partnership for the 1.5 million sq. meter logistics zone was signed in Riyadh in the presence of Minister of Transport and Logistics Services Saleh Al-Jasser, Minister of Investment Khalid Al-Falih, and CEO of the Shareek Program Center Abdulaziz bin Abdulrahman Al-Arifi, along with senior officials, investors, and business leaders. The zone will serve as a comprehensive hub catering to the increasing demand for custom-designed warehouses. 'Falcon City is more than just a development project; it is an integrated economic destination aimed at providing a modern business environment that supports multiple industries,' Rakan Al-Harthy, managing director of Sela, said. He further emphasized that the partnership with SAL Logistics Services will facilitate the establishment of state-of-the-art facilities that cater to local and international companies and enhance business and investment flow. This logistics zone significantly enhances the company's capabilities due to its strategic location near King Khalid International Airport, major highways, and railway networks. Falcon City spans 14.4 million sq. meters and will feature the Riyadh Exhibition and Convention Center, as well as a modern logistics zone designed to attract major global companies, an aviation runway, and an aircraft maintenance hub. The development also includes economic, commercial, and residential zones, as well as hospitality and entertainment areas and an outlet mall. This strategic partnership directly supports Saudi Vision 2030 by enhancing logistics connectivity, stimulating local and international investments, and developing modern infrastructure to attract businesses and investors. It also reinforces the Kingdom's role in regional and international trade, driving sustainable economic growth and positioning the country as a leading logistics powerhouse.
Zawya
18-03-2025
- Business
- Zawya
SAL and Sela sign agreement to establish the SAL Logistics Zone in Falcon City, North of Riyadh
Riyadh – As part of their joint efforts to strengthen strategic partnerships, support the logistics sector, and enhance Saudi Arabia's position as a global logistics hub in line with Vision 2030 and the National Transport and Logistics Strategy, SAL Logistics Services and Sela have signed an agreement to develop the SAL Logistics Zone in Falcon City, north of Riyadh, covering an area of over 1.5 million square meters. The signing ceremony, held in Riyadh, was attended by H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Investment, along with senior officials, investors, and business leaders. The agreement was signed by Mr. Omar bin Talal Hariri, CEO of SAL Logistics Services, and Dr. Rakan Al-Harthi, Managing Director of Sela. The Falcon City project further enhances the attractiveness of Malham, north of Riyadh, home to the Saudi Falcons Club, one of the region's most prominent cultural and heritage landmarks. Through its programs, activities, and local and international events, the club has contributed to boosting tourism and cultural engagement, fostering integration between economic projects and heritage activities, and attracting visitors and investors while positioning the area as a comprehensive destination that blends modern economic development with the preservation of Saudi Arabia's rich cultural heritage. On this occasion, Mr. Omar bin Talal Hariri, CEO of SAL Logistics Services, expressed his pride in this new milestone for the company and his appreciation for the growing collaboration with Sela. He emphasized that launching the new SAL Logistics Zone in Falcon City, north of Riyadh, is a realization of SAL's ambitious vision to provide advanced, integrated logistics solutions that support local trade growth. He noted that this state-of-the-art logistics hub is designed to meet the increasing demand for customized warehouses, offering a strategic location near King Khalid International Airport and key highways and rail networks. These advantages position the logistics zone as a central hub for cargo handling and distribution operations, further strengthening Saudi Arabia's role as a global trade and logistics leader. He added that this SAR 4 billion investment in developing a world-class logistics zone aligns with SAL's strategic roadmap to solidify its position as a national logistics leader adhering to global standards. The project will feature high-quality Class A warehouses, scalable storage solutions, and cutting-edge operational infrastructure, incorporating advanced security systems, climate-controlled storage, and energy-efficient solutions. Furthermore, the initiative underscores SAL's commitment to sustainability, environmental responsibility, and optimizing supply chain management to contribute to Saudi Arabia's economic prosperity. Dr. Rakan Al-Harthi, Managing Director of Sela, highlighted that this project represents a significant leap in the development of Saudi Arabia's logistics infrastructure. He stated, 'Falcon City is more than just a development project; it is a fully integrated economic destination designed to support various sectors. Our partnership with SAL Logistics Services will establish world-class logistics facilities, catering to the needs of local and international businesses while ensuring seamless business operations and investment flows.' The SAL Logistics Zone plays a key role in developing Saudi Arabia's logistics infrastructure, aligning with the National Transport and Logistics Strategy. The project aims to enhance supply chain efficiency, reduce operational costs, and attract major global companies to invest in Saudi Arabia's logistics sector. Additionally, it will boost the competitiveness of the industry by providing a fully integrated business ecosystem that meets international standards, fostering economic growth, investment opportunities, and job creation in the logistics sector. Falcon City itself represents a next-generation integrated city, spanning 14.4 million square meters in Malham, north of Riyadh. Strategically positioned for seamless accessibility, Falcon City will host key infrastructure components, including the Riyadh Exhibition and Convention Center, an advanced logistics zone for global enterprises, an aviation runway, and aircraft maintenance facilities, all designed to enhance air cargo and logistics operations. The project will also include commercial, residential, hospitality, entertainment, and retail zones, offering a diverse and dynamic investment and living environment for residents, businesses, and visitors. As the master developer of Falcon City, Sela continues to coordinate with relevant regulatory authorities to obtain the necessary permits for the remaining project phases, ensuring that all developments meet the highest regulatory and development standards
