Riyadh - Sharikat Mubasher: Abdulrahman Saad AlRashid & Sons Company (ARTAR), a leading real estate developer in Saudi Arabia, and GARBE Industrial, one of the key players in the logistics industry, signed a memorandum of understanding (MoU) to establish a strategic joint venture (JV) for logistics real estate developments in Saudi Arabia.

The JV will operate under the name of AG Logistics Partners and will focus on delivering premium-grade warehouses and distribution centers in key economic hubs, including Riyadh, Jeddah, and Dammam, according to a recent official statement.

This partnership aims to develop several international-standard logistics properties over the next five years, further fueling economic diversification and reinforcing the Kingdom’s position as a global logistics powerhouse. Each facility will be designed to the highest sustainability benchmarks, incorporating advanced automation, energy-efficient systems, and smart design principles to ensure that they can meet the growing demands of the e-commerce, manufacturing, and trade sectors.

Commenting on the partnership, Sulaiman AlRashid, CEO of ARTAR, said: “This collaboration marks a pivotal moment in Saudi Arabia’s Vision 2030 transformation. By partnering with GARBE’s world-class expertise, we are not just building warehouses, we are creating the backbone of a resilient, future-ready supply chain that will drive prosperity for generations to come.”

For his part, Christopher Garbe, Managing Partner of GARBE Industrial, stated that the company aspires to attain quality leadership in modern high-end logistics real estate in the Kingdom within the framework of this joint venture. “Working 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.”

It should be mentioned that AG Logistics Partners is scheduled to start operations in the first quarter (Q1) of 2026.