ROSHN Group and Agility Logistics Parks (ALP) have signed heads of terms to form a joint venture aimed at building and managing a large scale Grade A logistics facility. The announcement was made today during the PIF Private Sector Forum held in Riyadh. ROSHN is a major multi-asset developer in Saudi Arabia and is owned by the Public Investment Fund (PIF). Agility is an international specialist in industrial real estate.

The planned project will cover between 1 million and 1.5 million square metres of land. It is set to be built in a prime location that connects to a vital national logistics corridor and one of the most important gateways in the Kingdom. The agreement was signed by Sabah Barakat, who is the Acting Group CEO of ROSHN Group, and Tarek Sultan, the Chairman of Agility.

Sabah Barakat, AGCEO of ROSHN Group, said: “The collaboration with Agility underscores ROSHN Group’s role as a partner of choice for foreign direct investment and its growing impact across Saudi Arabia’s real estate and infrastructure landscape. Through the development of strategic, integrated assets that connect public and private sector capabilities, ROSHN Group continues to support economic diversification and long-term value creation.”

The partnership is intended to strengthen the position of the Kingdom as a central hub for global trade. By creating modern infrastructure, the venture aims to help both local and international firms reach wider markets. The developers expect the site to improve trade efficiency and help make supply chains more resilient while supporting wider industrial growth in the region.

Tarek Sultan, Chairman of Agility, said: “This future partnership with ROSHN Group underscores Agility’s long-term commitment to Saudi Arabia and our strategy to scale world-class logistics infrastructure that connects local and international businesses to global markets from the Kingdom. Located at the crossroads of major intercontinental trade routes, the contemplated joint venture reflects our confidence in the long-term fundamentals of Saudi Arabia’s logistics sector. The development will strengthen the Kingdom’s role as a global trade gateway, supporting industrial growth, trade efficiency, and supply-chain resilience.”

This new development follows the strategy of ROSHN to expand its influence beyond residential projects into infrastructure and industrial assets. The joint venture marks a significant step in the Kingdom’s efforts to diversify its economy through high quality real estate and transport links.