Latest news with #warehousing
Arab News
3 days ago
- Business
- Arab News
Riyadh hosts warehousing, logistics expo
RIYADH: Rumaih Al-Rumaih, Saudi Arabia's vice minister of transport and logistic services, inaugurated the second Saudi Warehousing and Logistics Expo at the Riyadh International Convention and Exhibition Center. Al-Rumaih said that the Kingdom is experiencing a leap in the logistics sector, driven by an ambitious vision and strong leadership support to enhance its position as a global logistics hub. He said that the expo came at a pivotal time, helping it keep pace with this critical phase of industrial and logistics development, the Saudi Press Agency reported on Wednesday. The exhibition featured more than 40 speakers from leading government entities. Sessions highlighted the role of artificial intelligence in developing supply chains, focusing on automation, fleet management, and modern logistics services. The three-day expo, from May 27-29, is a leading platform bringing together public and private sector entities in the industry under one roof. It offers an ideal opportunity to explore the latest solutions, including handling and storage equipment, automated systems, robotics, packaging, control and weighing systems, and security.
Zawya
3 days ago
- Business
- Zawya
HE Dr. Rumaih bin Mohammed Al-Rumaihi inaugurates second edition of Saudi Warehousing & Logistics Expo in Riyadh
Riyadh, Saudi Arabia: His Excellency Dr. Rumaih bin Mohammed AL-Rumaih, Vice Minister of Transport and Logistics Services, officially inaugurated the second edition of the Saudi Warehousing & Logistics Expo at the Riyadh International Convention & Exhibition Center. In his opening remarks, His Excellency emphasized that the Kingdom is witnessing a transformative leap in the logistics sector, driven by a bold vision and the strong support of the nation's leadership. This momentum aims to position Saudi Arabia as a global logistics hub. He noted that the expo comes at a critical juncture, aligning with the Kingdom's industrial and logistics evolution and playing a crucial role in advancing the objectives of the National Transport and Logistics Strategy in line with Saudi Vision 2030. Mohamed Kazi, Senior Vice President – Construction, dmg events, stated: 'We are honoured by the continued support of the Ministry of Transport and Logistics Services for the Saudi Warehousing & Logistics Expo. We were especially pleased to have His Excellency Dr. Al-Rumaih inaugurate this year's edition. The level of engagement and insightful discussions witnessed on day one reflects the sector's positive trajectory in the Kingdom, particularly in infrastructure development and the adoption of advanced logistics solutions poised for the future.' The first day of the expo featured participation from over 40 speakers representing leading entities including the Ministry of Transport and Logistics Services, the Ministry of Investment, the General Authority for Ports, Amazon, Aramex, and others. Sessions focused on the role of artificial intelligence in optimizing supply chains, along with themes such as automation, fleet management, and modern logistics services. The Saudi Warehousing & Logistics Expo serves as a premier platform uniting public and private sector stakeholders from across the industry. It offers a unique opportunity to explore the latest solutions in the market, including material handling and storage equipment, automation systems, robotics, packaging, control systems, weighing solutions, and security technologies—delivering a comprehensive showcase tailored to the evolving demands of the sector. The expo runs from 27 to 29 May in Riyadh, and industry professionals can register to attend through the following link: About Saudi Warehousing & Logistics Expo Saudi Warehousing & Logistics Expo will be the premier event bringing together the entire intralogistics industry under one roof, providing an unparalleled platform. From materials handling and storage equipment to robotics, control systems, packaging, weighing and security systems, the event will feature a comprehensive range of solutions tailored to meet the evolving needs of the industry. Saudi Warehousing & Logistics Expo will take place from 27-29 May in Riyadh. The event is free to attend for industry professionals. For more information, visit: About dmg events dmg events is a leading organizer of face-to-face events and publisher of trade magazines and information services. Our aim is to create dynamic marketplaces to connect businesses with the right communities to accelerate their growth in today's rapidly evolving landscape. With a presence in over 30+ countries and organizing more than 115 events each year, dmg events is a global leader in the industry. Attracting over 650,000 attendees and delegates annually, we organize events in the construction, hospitality, food & beverages, interiors & design, energy, coatings, entertainment and transportation sectors. To better serve our customers, dmg events has offices in 10 countries, including Saudi Arabia, the UAE, Egypt, South Africa, the UK, Canada and Singapore. By being on the ground, we can better understand market needs and nurture relationships to create unforgettable experiences for our attendees. Our flagship events include Big 5 Global, The Hotel Show, INDEX, ADIPEC and Gastech. For more information visit Founded in 1989, dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT,
Zawya
4 days ago
- Business
- Zawya
GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector
GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the Gulf region. Under the strategic partnership, Al Tijaria will act as a technical advisor for one of GFH's logistics funds and gain exposure to the group's evolving business, according to a press release. Through this collaboration, Al Tijaria will leverage GFH's market expertise to capitalize on the growing opportunities within the logistics sector, anchoring its strategic growth trajectory. Razi Al Murbati, CEO of GFH Capital, said: 'We are pleased to partner with Al Tijaria in this critical sector. It reflects the growing importance of logistics as a key driver of economic development in KSA and the wider Gulf and the strong opportunities this expansion is creating.' 'This partnership aligns with our strategy to offer high-growth investments that deliver sustainable returns while also supporting regional development goals,' Al Murbati stated. Abdulmutaleb Marafie, CEO of Al Tijaria, added: 'Foreseen partnership with GFH Capital provides us with unique access to the region's rapidly expanding logistics market. Together, we aim to develop state-of-the-art infrastructure and create value for the investors.' GFH has expanded its investments in the logistics sector, with an estimated exposure of nearly $2 billion diversified across various logistics facilities, including cold storage, last-mile delivery hubs, and fulfilment centers, securing a diversified presence across the logistics value chain. As of 31 March 2025, GFH recorded year-on-year (YoY) higher net profits attributable to the owners at $30.14 million, compared to $27.13 million.
Daily Mail
4 days ago
- Business
- Daily Mail
EXCLUSIVE Rise of the megasheds: Homeowners fear living in the shadow of enormous distribution centres that can wipe up to £500,000 off your property's value - as experts explain your rights
They're considered gigantic 'eyesores' and have the power to wipe out the views and value of any homes that live in their shadow. But the rise of the 'megashed' doesn't appear to be stopping anytime soon - with massive developments 'constantly' popping up across the country, much to the dismay of horrified locals. Corby, for example, in Northamptonshire, is home to dozens of the massive storage units, including Europa's global HQ and Nike's forthcoming logistics campus. Elsewhere, in Suffolk, a 1.17 million sq ft warehouse used by The Range has sprung up beside a row of countryside houses, while an even bigger 'megashed' right next to it has just been approved by the council. Real estate agents say the current crop is just the beginning - with the UK set to require the equivalent of more than 2,000 football pitches of extra warehouse space to keep up with house-building plans and the fast-fashion epidemic. To make matters worse, property experts now claim there is very little homeowners can do to stop a 'megashed' being built outside their house, with the decision ultimately falling on the council. Julie Ford, property specialist at Gothard Rowe Property Services, told MailOnline: 'There isn't actually a lot that they can do sadly. It comes down to local councils. 'Unless it would directly affect somebody - their health or something.' Ms Ford added: 'It's certainly worth people going to the council. There would have to be enough people [...] to almost step over the council.' UK architect Danny Campbell said homeowners must object through their local council's planning portal, but admitted their chances of success are 'limited'. He told MailOnline: 'Residents are usually notified as part of the planning process and can submit objections. There is sometimes a community consultation too. 'If the land is zoned for commercial or industrial use, the council may be under pressure to approve for economic reasons. It's rarely a level playing field.' He added: 'You can find out how the land near you is designated on your councils local development plan.' Mr Campbell encouraged residents to object, urging them to home in on factors such as 'traffic, noise, visual impact or environmental concerns'. 'Strong objections usually focus on material planning considerations,' he said. 'Not just ''I don't like it''. You can also lobby your MP to help. He says they live constantly in a shadow and that the building blocks about 80 per cent of the sunlight into his home 'Noise, light pollution, HGV traffic, and visual intrusion can all reduce desirability. The loss of green buffer zones also affects wellbeing and attractiveness.' This week, grandfather Ken Lungley, of Suffolk, said £600,000 has been wiped off the value of his home and rental properties after a massive warehouse used by The Range sprung up beside his land. Mr Lungley had enjoyed spectacular views over the countryside until work began on the 1.17million sq ft 'megashed'. Now the sprawling building, used by the variety store and garden centre retailer, 'blights' the area and has caused the value of his retirement investment to collapse from £1.5million to just £900,000. In a further blow, the local council has approved an even bigger warehouse beside the commercial site, which Mr Lungley, 79, fears will further slash what his nest egg is worth. He is powerless to do anything about it, telling the Mail: 'You can't stand in the way of progress - but not in my back garden.' In April, neighbours living in the 'warehouse capital of Britain' - Northamptonshire -spoke of the nightmare of being forced to live in the shadow of massive buildings that they said is like being next to the 'Berlin Wall'. Northamptonshire has more storage and distribution centres than anywhere else in the country, with massive developments popping up regularly. 'Due to the ongoing legal conversations around costs, it's not possible to comment any further at this stage.' However, for those thinking this can't get any worse, a real estate expert warned the UK will need around 2,000 football pitches worth of extra warehouse space in order to meet house-building targets and the growth of online retail, the BBC reports. Will Laing, a research analyst at Newmark Group, said: 'Given the government's target to build 1.5 million homes in the next five years, coupled with the continued shift to online retail, we estimate 150,000,000 sq ft (13,935,456 sq m) of extra warehousing will be needed over the next 10 years.' But homeowners in Corby said their lives have been ruined by the huge warehouses towering over their homes. They compared it to living next to the 'Berlin Wall' or in a 'prison camp'. One 60ft high 'monster' warehouse - called Rockingham 161 - was even built without locals' knowledge due to a council error. The site of the former Weetabix plant still lies empty a year after being constructed, but looms over nearby homes in Hooke Close. A spokesperson for North Northamptonshire Council said at the time: 'Following the court's decision to refuse the claimant's application for judicial review on this case, the claimant then appealed the decision, and this appeal was then refused by the court in late March 2024. Furious villagers in Suffolk are up in arms after a giant 21m high warehouse stretching for a length of more than 300m was built at the end of their gardens Residents have described the building as a 'gigantic mega-shed' and a 'monstrosity' which looms over their homes In March, furious villagers in Nacton, were up in arms after a giant 21m high warehouse stretching for a length of more than 1,000ft was built at the end of their gardens. Residents described the building as a 'gigantic mega-shed' and a 'monstrosity' which looms over their homes. They used to look out over an open field before the huge structure was erected last Autumn and replaced the scenic view with what they said is 'a massive metal wall'. Some likened the building, which is the size of six football pitches, to a prison, saying it blocks out the sun and makes them feel as if they are inmates. The locals were told that the building was set to be used as a freight forwarding depot during construction of the new Sizewell C nuclear power station on the Suffolk coast. They were angry that planning consent for it was granted by East Suffolk Council, despite fierce opposition from people living in the area. The warehouse, which is 147m deep, was built on the other side of a railway track at the back of the homes in Nacton. A East Suffolk Council spokesperson said at the time: 'Members of the planning committee, many of whom have strong local knowledge, visited the site and neighbouring properties on two occasions. 'They considered the representations received and heard directly from neighbours in the planning committee meetings. 'The planning decision was made in accordance with the development plan and planning legislation. 'The impact of any development on private property values is not a material planning consideration which affects decision making. 'If it was felt that there had been procedural errors in this planning decision, there was an option to request a judicial review within six weeks of the decision date. No judicial review was requested. 'This application was fully and properly assessed in its impact on neighbours, and we do not believe there was any fault in the decision-making process. 'All complainants have been provided with information summarising the decision-making process and the considerations applied.'
News.com.au
4 days ago
- Business
- News.com.au
Geelong global fashion company eyes new headquarters
Geelong-based fashion company Stage II is dressing up its digs as it prepares to relocate its warehousing headquarters to the north of the city. The firm is the latest company to pre-commit to the large, new industrial development under construction adjoining the Geelong Ring Road. Stage II and national HVAC supplier Polyaire are the latest high-profile businesses to commit to the Wilmac Corio development at 128-146 O'Briens Rd in Corio. It's the only industrial project in the region offering new warehouses of 1000sq m or more. Three of the 12 warehouses remain on the market for sale or lease, as the developer clocks up $43.7m in transactions in the $56.5 million project. Stage II, which began in a Geelong garage and has evolved into a multinational clothing wholesaler and retailer, has doubled down on the estate, purchasing Lot 4 and leasing Lot 6 for a combined 4811sq m of floorspace. The move will relocate its head office from South Geelong, supporting their expanding logistics operations across Australia, New Zealand, and Asia, Stage II chief financial officer Rohan White said. Stage II has clothing brands including Edge Clothing, Elm Lifestyle and All About Eve. 'Driving Stage II's national wholesale and retail logistic requirements was the need for quality large scale warehousing solutions in the Greater Geelong region – an offering that has been rare in recent years,' Mr White said. 'With convenient access to Geelong's CBD and proximity to our distribution network in Melbourne, the Wilmac estate in Corio quickly stood out as a strategic choice. 'It has since provided to be an ideal location for servicing our customers.' Polyaire has signed a seven-year lease with a five-year option for Lot 1 in Stage 1, securing a 1400sq m facility with mezzanine office space and dual roller doors. The building, on a 2185sq m allotment with 17 car parks, will serve as the new Geelong base for the company as it relocates from Belmont to a more modern, growth-aligned footprint. Polyaire national property and fleet manager Dean Placanica said the development supported the company's commitment to deliver the highest level of service. 'Our Wilmac Corio location is strategically positioned to support our customers' needs and growth well into the future,' Mr Placanica said. 'We believe this site will play a key role in enabling us to serve our clients effectively for the next decade and beyond.' Knight Frank and Darcy Jarman are marketing the warehouses in the two-stage development on behalf of Victorian-based developer, Wilmac. The warehouses, which have been constructed by C3 Constructions, range in size from 1320sq m to 2558sq m. Lot sizes for the remaining warehouse range from 2393sq m to 2656sq m. Knight Frank's Steve Jones said warehouses in Wilmac Corio had been sought after from a range of industrial occupiers. 'Geelong offers relative affordability for industrial users compared to Melbourne, but it also has strong growth prospects given its strategic location as a gateway city, accessibility to key areas such as Melbourne, the Geelong Port and Avalon Airport via key arterial roads, and its growing workforce,' Mr Jones said.
