Arcapita Capital has signed a pact with Flow Progressive Logistics to develop a modern A logistics complex in Riyadh, a release stated. The deal, finalised during the Supply Chain and Logistics Conference on December 16, will see Arcapita develop an 80,000 sq. mts. mixed-use storage facility, Isa Al Khalifa, Director, Real Estate Investments, Arcapita, said. “We are pleased to expand our partnership with Flow through this new development. The KSA industrial and logistics market continues to demonstrate positive supply-demand dynamics likely to support rental growth in the foreseeable future. This partnership will contribute to meeting the growing demand for modern logistics facilities and services in Riyadh, where demand outstrips supply, especially when it comes to higher-quality assets. Riyadh is positioning itself as a key logistics hub for regional and international companies making it an attractive destination for investment capital.”
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