King Abdullah Economic City (KAEC) recently announced the signing of a contract with Abdullatif Mohammed Salah Jamjoom & Bros for the purchase of 150,178 square meters of land at the Industrial Valley in KAEC to establish a warehouse and logistics center for the company's products. KAEC MD & CEO Fahd Al-Rasheed, and Jamal Jamjoom, delegated member of the board of Abdullatif Jamjoom & Bros, signed the contract.
Al-Rasheed said: "KAEC continues to attract giants from various local and international industries. Its Industrial Valley has been designed using the best standards in the world in planning the industrial zone and provides all the services necessary for the establishment of manufacturing and logistics facilities."
Al-Rasheed added: "KAEC is steadily advancing in its plans to establish a modern, civilized, integrated environment. As part of its integration plans, KAEC has formed strategic partnerships and agreements with various entities that can add value to its global vision."
Jamal Jamjoom said: "Being part of KAEC is an absolute success. This comes from what KAEC represents to the region's markets in general and the Saudi market in particular. Our decision to be part of KAEC is an important step and will provide us with more successful opportunities."
Ahmed Ibrahim Linjawy, president of the Industrial and City Services in KAEC, said: "KAEC's Industrial Valley currently offers fully serviced land plots of various sizes with electricity, water, sewage network, telecommunications services, paved roads and storm water drainage system to prevent flooding. The Industrial Valley has been designed using global standards for industrial zones, to become a hub for a large number of local and global industrial companies looking to establish projects either through ownership or long-term lease. Phase I of the Industrial Valley has been leased to large local and international companies, while its Phase II is currently under development."
© Arab News 2012
