Saudi Aramco and DHL Supply Chain joint venture, ASMO entered a partnership with Arcapita Group Holdings Limited (Arcapita) to develop a logistics facility in King Salaman Energy Park (SPARK) through a forward funding transaction.
Through the partnership, Arcapita will fund and retain ownership of the facility, while ASMO will develop, lease, and operate the asset under a 22-year occupational lease, according to a press release obtained by Argaam.
The facility spans a total area of 1.4 million square meters and will include a 43,000 square meter temperature-controlled Grade-A logistics warehouse, over 3,000 square meters of offices and staff facilities, 5,300 square meters of dedicated chemical storage space, and a 1.2 million square meter open yard.
Designed for large-scale industrial operations, the facility will help boast advanced warehouse and building management systems, digital integration, automated storage and retrieval systems, robotics, adherence to globally recognized sustainability standards, including photovoltaic readiness, electrical vehicle charging, and a LEED Gold certification.
The facility represents ASMO’s first purpose-built logistics center and forms part of four planned strategic sites underpinning ASMO’s national logistics network. Once operational, it will serve Aramco, its affiliates, and other key industrial players across the Kingdom.
Saudi Aramco and DHL Supply Chain joint venture, ASMO entered a partnership with Arcapita Group Holdings Limited (Arcapita) to develop a logistics facility in King Salaman Energy Park (SPARK) through a forward funding transaction.
Through the partnership, Arcapita will fund and retain ownership of the facility, while ASMO will develop, lease, and operate the asset under a 22-year occupational lease, according to a press release obtained by Argaam.
The facility spans a total area of 1.4 million square meters and will include a 43,000 square meter temperature-controlled Grade-A logistics warehouse, over 3,000 square meters of offices and staff facilities, 5,300 square meters of dedicated chemical storage space, and a 1.2 million square meter open yard.
Designed for large-scale industrial operations, the facility will help boast advanced warehouse and building management systems, digital integration, automated storage and retrieval systems, robotics, adherence to globally recognized sustainability standards, including photovoltaic readiness, electrical vehicle charging, and a LEED Gold certification.
The facility represents ASMO’s first purpose-built logistics center and forms part of four planned strategic sites underpinning ASMO’s national logistics network. Once operational, it will serve Aramco, its affiliates, and other key industrial players across the Kingdom.
