Saudi Blominvest, SinoGulf sign agreement to develop logistic park
(MENAFN) Blominvest Saudi Arabia, an investment company specialized in asset management, signed an agreement with SinoGulf to develop an industrial logistic park in Riyadh, Saudi Gazette reported.
With a funding of about USD306.50 million, the project will cover an area of 1,112,000 m2 and aims to develop warehouses, office space, and labor camps, according to Blominvest's CEO.
"We are excited to continue investing in the Saudi market and look forward to partnering with a reputable establishment like Blominvest. We will remain committed in delivering quality products," the Chairman of SinoGulf said.
With a funding of about USD306.50 million, the project will cover an area of 1,112,000 m2 and aims to develop warehouses, office space, and labor camps, according to Blominvest's CEO.
"We are excited to continue investing in the Saudi market and look forward to partnering with a reputable establishment like Blominvest. We will remain committed in delivering quality products," the Chairman of SinoGulf said.
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