has teamed up with ARTAR, a real estate developer in Saudi Arabia, to develop βnext-generation logistics facilitiesβ across the Kingdom.
The joint venture, AG Logistics Partners, will focus on delivering premium-grade warehouses and distribution centres in key economic hubs, including Riyadh, Jeddah and Dammam.
Over the next five years, the partnership aims to develop βseveral international-standard logistics propertiesβ, the partners said.
Sulaiman Al Rashid, CEO of ARTAR, said: βThis collaboration marks a pivotal moment in Saudi Arabiaβs Vision 2030 transformation.
βBy partnering with Garbeβs world-class expertise, weβre not just building warehouses β weβre creating the backbone of a resilient, future-ready supply chain that will drive prosperity for generations to come.β
Christopher Garbe, managing partner of Garbe Industrial, added: βOur ambition is to attain quality leadership in regard to modern high-end logistics real estate in Saudi Arabia within the framework of this joint venture.
βWorking closely with ARTAR, we will merge local know-how with international experience in order to build up a highly productive logistics infrastructure that will attract international companies to Saudi Arabia.β
Garbe opened a new office in the Dubai International Financial Centre a few weeks ago, marking an important step in the companyβs international growth strategy, as it continues to strengthen its presence in the Middle East, the developer added.
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