Himmah Logistics signs land deal in KAEC's Industrial Valley IV

Rayan Qutub, CEO of the KAEC Industrial Valley and Himmah Logistics Board Chairman Abdulaziz Al-Babtain sign the agreement.

King Abdullah Economic City (KAEC) has signed a deal with Himmah Logistics, a major logistics company, to purchase land in the third phase of KAEC’s Industrial Valley (IV).
The land, spanning 113,000 sqm, will be allocated for the establishment and operation of a number of facilities in the logistics services sector. The company is expected to launch its storage and distribution operations by next year when it will begin offering its logistics services.
“We are excited to welcome Himmah Logistics to KAEC, the latest company to take advantage of the city’s advanced infrastructure, public services and residential facilities. KAEC is a unique launch point into local and international markets,” said KAEC’s GCEO & MD Fahd Al-Rasheed. “The city is making strong progress in its expansion plans and attracting a wide range of top-tier investments.”
Himmah Logistics owns a number of investments across different sectors. Since its founding in 2013, the company has continued to develop its expansion strategies to include logistics services and real estate development.
“This partnership is part of our continued desire to expand our investments in the area, and we are confident that KAEC will support Himmah Logistics in providing solutions that meet our clients’ needs,” said Himmah Logistics Board Chairman Abdulaziz Al-Babtain.
“The Industrial Valley is the perfect location for investment due to the flexibility and professionalism offered. This is supported by safe, strategic distribution through King Abdullah Port, allowing access to key foreign markets,” he added.
The logistics sector is the fastest growing sector in the Industrial Valley and accounts for 35 percent of the companies currently there.
“The Industrial Valley has succeeded in attracting more than 111 of the largest national, regional and international industrial companies, 22 of which have started production, and 32 of which are under construction,” said Rayan Qutub, CEO of the Industrial Valley.