Al Futtaim plans to build a logistics centre at KAEC
Al Futtaim Group has announced that it had signed an agreement to buy a 325,000 sqm plot at the Industrial Valley of King Abdullah Economic City (KAEC) in Saudi Arabia. This comes as part of a wider expansionary plan in Saudi Arabia. The decision was made based on KAEC’s favourable location, on the Red Sea coast, and its proximity to King Abdullah Port, according to Omar Al-Futtaim, Vice Chairman of Al-Futtaim. (Arabian Business)
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