GARBE Industrial, one of the leading developers, providers and managers of logistics and light industrial real estate in Germany and Europe, and ARTAR, a real estate developer in the Kingdom of Saudi Arabia, have signed a memorandum of understanding to establish a landmark joint venture. The joint venture will operate under the name of AG Logistics Partners.
This strategic partnership will drive the development of next-generation logistics facilities across the Kingdom of Saudi Arabia, fueling economic diversification and reinforcing the kingdom’s position as a global logistics powerhouse.
The joint venture will focus on delivering premium-grade warehouses and distribution centers in key economic hubs, including Riyadh, Jeddah and Dammam. Over the next five years, the partnership aims to develop several international-standard logistics properties. Each facility will be designed to the highest sustainability benchmarks, incorporating advanced automation, energy-effici
