Media Centre

Tasra Real Estate Development Company has contracted with King Abdullah Economic City (KAEC) for the purchase of 75,000 sqm of land. Tasra plans to build a distribution and logistics services centre in Phase Three of the Industrial Valley at KAEC. The center will be completed in two to three years.
The center will support Tasra’s growth in the highly competitive logistics sector, taking advantage of KAEC’s strategic location on one of the world’s busiest shipping routes.
The logistics market across the Red Sea economic area is estimated at more than USD35 billion and reaches 250 million consumers in the Middle East and East Africa. Saudi Arabia is one of the largest markets in the area and accounts for almost 75 percent of shipments into the GCC. The government of Saudi Arabia has planned to invest USD100 billion over the next ten years in transportation infrastructure, including improved road and rail links to make the Kingdom more competitive in the sector.
“The Industrial Valley’s proximity to the King Abdullah Port, and by extension to some of the world’s fastest growing economies, makes KAEC a compelling location for shipping, distribution and logistics companies,” said Mr. Fahd Al-Rasheed, Group CEO and Managing Director of King Abdullah Economic City. “Tasra joins more than 100 local and international companies that are already establishing commercial and manufacturing operations in the Industrial Valley and we look forward to enabling the company’s growth and future success.”
“Tasra is supporting the Kingdom’s focus on developing a new economic base founded on diversification into industries that reduce imports, produce exports, generate alternative sources of revenue and create diverse career opportunities for Saudis,” said Eng. Abdul Malek Fath Eddin, CEO of Tasra Real Estate Development Company. “I am confident that our presence in KAEC will yield handsome returns that will benefit all our stakeholders.”
“Investors in KAEC Industrial Valley enjoy a unique total package that includes comprehensive land and sea cargo and transportation facilities, world class integrated infrastructure and a complete range of support services and housing solutions,” said Rayan Qutub, CEO of the Industrial Valley. “Tasra joins a growing community of world-class companies that are making KAEC their center of operations in Saudi Arabia.”
Extending over 55 million square meters, the Industrial Valley is focused on six cluster industries that are at the core of the kingdom’s diversification into non-oil sectors. In addition to logistics, the Industrial Valley is home to companies in the fast moving consumer goods (FMCG), pharmaceutical, packaging, building materials, and automotive sectors.

KAEC Information:
King Abdullah Economic City covers 181 million square meters of land and is being developed into a fully integrated city. The mega project consists of: the Coastal Communities that offer total housing solutions for all segments of society, King Abdullah Port which is being developed to be one of the biggest ten ports in the world, the Haramain Railway district, and the Industrial Valley which extends over an area of 55 million square meters, and has signed with different national and international companies.