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Binzagr buys more land in King Abdullah Economic City’s Industrial Valley

Saudi Arabia - December 19, 2017
King Abdullah Economic City

The Saudi-arabian based Binzagr Group has acquired more than 163,000 square meters of land in the Industrial Vally of King Abdullah Economic City (KAEC) in order to establish a new logistics center to support its customer service function.

In his comment on the purchase, Fahd Al-Rasheed, the managing director and CEO of KAEC, said that this investment assures that Binzagr is recognizing King Abdullah Economic City as the new main logistics hub in the red sea and the entire region, adding that KAEC is pleased that Binzagr has decided to expand their existence within the city using this new purchase.

On the other hand, Abdullah Binzagr, the CEO and manager of Binzagr Group, has asserted his group’s confidence in the Saudi Arabian economy, adding that the group’s newest expansion in the Industrial Valley is going to support the company’s growth and leadership in the the FMCG sector.

Binzagr Group’s newest purchase adds 163,000 square meters to its previous acquisition of 300,000 square meters in the Industrial Valley of King Abdullah Economic City.

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