ROSHN Group and Agility Logistics Parks Launch SAR 2.5 Billion Joint Venture

ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, and Agility Logistics Parks (ALP), a global leader in industrial real estate, today announced the signing of a 50:50 joint venture to develop a large-scale Grade A logistics park in Jeddah. The total project value is over SAR 2.5 billion, including land and development.

This new agreement follows an initial Heads of Terms that was signed in February 2026 on the sidelines of the Public Investment Forum in Riyadh by Sabah Barakat, Acting Group CEO of ROSHN Group, and Tarek Sultan, Chairman of Agility. 
The joint venture will develop the project on approximately 1.3 million square meters of land in a strategic location in Jeddah, offering access to one of the Kingdom’s most important gateways and national logistics corridors.

The logistics park will be developed in three phases, delivering a combined approximately 650,000 square meters of warehousing and commercial space. Construction is expected to commence in Q4 2026.

This joint venture reflects ROSHN Group’s significant contribution to the Kingdom’s real estate and infrastructure sectors and reinforces its position as the premier partner for investment in Saudi Arabia. By developing integrated, strategic projects in collaboration with global industry leaders, such as Agility Logistics Parks, ROSHN Group remains a key driver of economic diversification.