Sharbatly to build refrigeration warehouse facilities at KAEC

King Abdullah Economic City (KAEC) and Mohammed Abdullah Sharbatly Co. Ltd. have signed a contract for the purchase of 160,000 sqm in KAEC Industrial Valley.
Sharbatly plans to construct a new headquarter on the site, which will be a distribution hub for imported fruits and vegetables.The development will include refrigerated warehousing facilities that will be the largest in the Kingdom.
The contract was signed by, Fahd Al-Rasheed, managing director and CEO of KAEC, and Alsayed Mohammed Sharbatly, chairman of Mohammed Abdullah Sharbatly Co. Ltd.
Welcoming Sharbatly Company, Al-Rasheed said: “This latest contract is a significant addition to the wide variety of commercial and industrial operations in KAEC Industrial Valley, which has been chosen by leading local and global companies due to its world-class infrastructure and the unique combination of import, export and distribution facilities that include King Abdullah Port (KAP), which started the partial operations and equipped to receive the new supersize container ships, as well as a road network that enables fast and easy distribution of products to all regions of the Kingdom.”
In addition, KAEC will host the Haramain Railway station that connects with Jeddah and King Abdulaziz International Airport in less than 30 minutes, and Makkah and Madinah within an hour, as well as to the land bridge that links KAEC directly with the center of the Kingdom.
Sharbatly said: “We are proud to have a presence in KAEC — the great national project that is a key part of the Kingdom’s future economic development. Our new headquarters in KAEC will significantly improve our import capabilities since the process of unloading and clearing the shipments through KAP will take only two days. The accelerated pace of our operations will save a considerable amount of time and effort, leading to reduced product costs, which will ease the financial burden on consumers.”