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 a 1.5-million-sq-m area, the facility will feature high-quality, Category A warehouses and storage spaces designed to meet diverse requirements, said SAL Saudi Logistics Services Company.

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.

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.

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.

Falcons City represents an advanced model of integrated cities, spanning 14.4 million sq m in the Malham area north of Riyadh.

The project features economic, commercial, residential, hospitality, and entertainment zones, along with an outlet mall to meet the aspirations of investors, residents, and visitors, he added.