As part of its ongoing plan to attract global and national investors, King Abdullah Economic City (KAEC) has signed a contract with Binzagr Company (BZC), one of the foremost distribution companies in Saudi Arabia. BZC will purchase and own 300,000 square meters of land at the Industrial Valley Phase 3 to construct an integrated logistics services center. The contract was signed by Fahd Al-Rasheed, Managing Director and CEO of KAEC, and Ahmed Mohammed Binzagr, COO of Binzagr Company. Al-Rasheed said "we are delighted to welcome BZC, a highly reputed business in Saudi Arabia. BZC will – like all KAEC investors – thrive in this ideal environment that combines integrated services with an advanced infrastructure, and an unrivaled range of express transportation and loading facilities. An increasing number of regional and global investors are taking advantage of the unique solutions that the Economic City offers." BZC is a core component of the Binzagr Group, BZC owns and represents more than 55 leading commercial brands, providing integrated solutions in the fields of warehousing, distribution and logistics services. It also has brands in FMCG, beverages, automotive tires, and personal and home care products. "BZC has high aspirations for this new center, which will allow us to continue to create innovative solutions to meet the requirements of the Saudi market," Binzagr noted. "We are proud to be part of the Economic City's growing business community, with the international standards and quality excellence that we demand. It is the perfect environment to implement our expansion plans in the region." The Industrial Valley is served by a unique combination of transportation facilities, including the Haramain Railway and the King Abdullah Port. This enables investors to establish a distribution network accessing the largest market in the region. KAEC has attracted more than 100 leading local and international companies, with 20 having already started production, and 30 having begun to establish their factories and operational facilities. Rayan Qutub, CEO of the Industrial Valley at KAEC, said "BZC is a truly great name and will enable us to continue to provide the Saudi market with quality products. The Industrial Valley is the premier destination for industries in the region, due to its advanced infrastructure and integrated logistics services, with a direct link between the Industrial Valley and King Abdullah Port, one of the ten largest ports in the world. The Industrial Valley is one of the key drivers for the Saudi economy, a truly global logistical hub, and an access point to over 250 million consumers in the Middle East and East Africa. Work is in progress on the development of an advanced, comprehensive infrastructure of more than 25 million square meters to meet the continuing demand in warehousing and logistics services." — SG
