Media Centre

King Abdullah Economic City and Mohammed Abdullah Sharbatly Co. Ltd have signed a contract for the purchase of 160,000 sqm in KAEC Industrial Valley. Shartbatly plans to construct a new headquarters on the site, which will be a distribution hub for imported fruits and vegetables. The development will include refrigerated warehousing facilities that will be the largest in the Kingdom.

The contract was signed by, Mr. Fahd Al-Rasheed, Managing Director and CEO of KAEC and Alsayed Mohammed Sharbatly, Chairman of Mohammed Abdullah Sharbatly Co. Ltd., and

Welcoming Sharbatly Company, Mr. Al-Rasheed said: “This latest contract is a significant addition to the wide variety of commercial and industrial operations in KAEC Industrial Valley, which has been chosen by leading local and global companies due to its world class infrastructure and the unique combination of import, export and distribution facilities that include King Abdullah Port (KAP), which started the partial operations and equipped to receive the new supersize container ships, as well as a road network that enables fast and easy distribution of products to all regions of the Kingdom.”

In addition, KAEC will host the Haramain Railway station that connects with Jeddah and King Abdulaziz International Airport in less than 30 minutes and Makkah and Al Madinah within one hour, as well as to the land bridge that links KAEC directly with the center of the Saudi Arabia.

From his side, Alsayed Mohammed Sharbatly said: “We are proud to have a presence in KAEC, this great national project that is a key part of the Kingdom’s future economic development. Our new headquarters in KAEC will significantly improve our import capabilities since the process of unloading and clearing the shipments through KAP will take only two days. The accelerated pace of our operations will save a considerable amount of time and effort, leading to reduced product costs which will ease the financial burden on consumers.”

Mr. Sharbatly added: “Much of our investment is focused on installing state-of-the-art refrigerated warehouses and modern administration offices to create a world class fruits, vegetables and frozen food distribution center that will provide hundreds of job opportunities for Saudi youth.”

King Abdullah Economic City is one of the largest and most important private sector initiatives in the Middle East. The city consists of; the Industrial Valley, King Abdullah Port, the Leisure and Commercial districts, the Haramain district, the Residential Coastal districts and the Resorts. Strategically located at the coast of the Red Sea in the north of Jeddah, KAEC offers a wide range of housing solutions that are suitably priced for different income levels. KAEC residential districts are supported by a high quality infrastructure and a complete range of services and facilities such as The World Academy School, and a medical center for primary care and emergency operated by Dr. Soliman Fakeeh Hospital Company. In addition, retail stores have been fully leased and restaurants, cafes, sales outlets and pharmacies are already open.