Rikaz, Logistiya, and Forsa Capital have launched a SAR 300 million logistics fund to develop high-standard warehouses in Riyadh, signalling a major step in Saudi Arabia’s push to become a regional logistics hub aligned with Vision 2030.
Rikaz, a prominent Saudi real estate developer, has joined forces with Logistiya and Forsa Capital to launch a SAR 300 million logistics real estate fund aimed at bolstering the Kingdom’s logistics infrastructure. The fund’s inaugural project involves the development of a 67,000 square metre A-Class warehousing facility in Riyadh, situated within The Node project. Scheduled to commence operations in 2027, the new warehouse will be erected on a 97,000 square metre plot, underscoring a significant investment in high-standard logistics facilities designed to enhance supply chain efficiency.
This strategic initiative responds to the surging demand for advanced warehousing solutions in Saudi Arabia, attracting institutional investors keen on long-term, income-producing assets such as warehouses and logistics centres. According to industry insiders, the partnership’s focus aligns closely with the goals outlined in Saudi Arabia’s Vision 2030, which positions logistics as a cornerstone of the nation’s economic transformation. The project is seen as a key step in reinforcing Riyadh’s standing as a pivotal logistics hub on both regional and international fronts.
Rikaz, Logistiya, and Forsa Capital emphasize their shared commitment to quality, innovation, and delivering facilities that meet global standards. Representatives involved in the project have described this initial development as the precursor to more expansive and ambitious undertakings in the sector, signalling confidence in the sustained growth and modernization of the country’s logistics capabilities.
The Node logistics park itself is expanding rapidly, with Rikaz recently announcing the launch of the second phase, spanning 116,000 square metres, in addition to the 158,000 square metres covered by phase one. Overall, The Node complex is being built as a comprehensive integrated logistics services hub across three million square metres, backed by an investment exceeding USD 290 million. Grade A warehouses within this complex are available through digital platforms, facilitating easy acquisition and rental access for businesses, thus supporting the digitisation of the logistics real estate market in the region.
This latest fund and project are part of a broader trend witnessed across Saudi Arabia’s logistics real estate sector, which has seen significant capital inflows and development activity. For example, GFH Partners recently acquired a fully leased, high-specification logistics facility in Riyadh for approximately SAR 200 million, adding over 40,000 square metres of operational space near key transport routes. Similarly, Arcapita Capital Company closed a logistics fund worth SAR 1.8 billion, deploying substantial investments across industrial real estate assets in Riyadh, Jeddah, and the Eastern Province. These developments collectively illustrate the escalating focus on creating modern infrastructure that supports Saudi Arabia’s ambitions to become a global logistics hub.
Further complementing these developments, Riyadh Development Co. (ARDCO) signed a SAR 227 million partnership deal with Agility Logistics Parks to develop another major logistics complex in the city. This project includes constructing 58,000 square metres of Grade A warehouses and is expected to be operational by the second half of 2026, showcasing the city’s dynamic logistics real estate landscape.
At the same time, there is also strategic portfolio reshuffling among Saudi companies such as Saudi Company for Tools and Hardware (SACO), which recently sold a 42,937 square metre warehouse facility in Riyadh as part of a plan to optimise operations and reduce debt. Such transactions highlight how local businesses are actively managing their logistics assets to support broader growth strategies.
Together, these efforts reveal a multifaceted evolution in Saudi Arabia’s logistics sector, driven by substantial investment, strategic partnerships, and government-backed initiatives. The logistics real estate fund launched by Rikaz, Logistiya, and Forsa Capital is a noteworthy contribution to this momentum, signalling the Kingdom’s advancing capacity to provide world-class logistics infrastructure in support of its economic diversification goals.
📌 Reference Map:
- – [1] (CargoTalk GCC) – Paragraphs 1, 2, 3, 4
- – [2] (Eye of Riyadh) – Paragraph 1, 2
- – [5] (Rikaz) – Paragraph 4
- – [3] (Gulf News) – Paragraph 5
- – [4] (Arcapita) – Paragraph 5
- – [6] (Argaam) – Paragraph 6
- – [7] (Saudi Standard) – Paragraph 7
Source: Noah Wire Services
Verification / Sources
- https://www.cargotalkgcc.com/post/new-logistics-fund-to-drive-warehouse-growth-in-ksa – Please view link – unable to able to access data
- https://www.eyeofriyadh.com/news/details/rikaz-announces-a-strategic-partnership-with-logistiya-and-forsa-capital-to-launch-a-logistics-real-estate-fund-with-an-investment-of-sar-300-million – Rikaz, Saudi Arabia’s leading real estate developer, has partnered with Logistiya and Forsa Capital to launch a SAR 300 million logistics real estate fund. The first project involves developing a 67,000 square metre A-Class warehousing facility in Riyadh’s The Node project, expected to commence operations in 2027. This initiative aims to enhance the Kingdom’s logistics infrastructure, improve supply chain efficiency, and attract institutional investors seeking long-term, income-generating assets. The partnership aligns with Saudi Arabia’s Vision 2030, which identifies logistics as a key pillar of economic transformation.
- https://gulfnews.com/business/property/gfh-partners-acquires-sar200-million-logistics-facility-in-riyadh-1.500331713 – GFH Partners Ltd. (GFHP) has acquired a fully leased, high-specification logistics facility in Riyadh’s industrial district for approximately SAR 200 million. The facility offers over 40,000 square metres of operational space and is strategically located near Riyadh’s Eastern and Southern Ring Roads, providing direct connectivity to key transport routes. This acquisition marks GFHP’s fourth logistics asset in Saudi Arabia and supports its regional logistics investment strategy, reflecting the growing demand for modern logistics infrastructure in the Kingdom.
- https://www.arcapita.com/insights/arcapita-closes-sar-18-billion-logistics-fund-in-saudi-arabia/ – Arcapita Capital Company, a subsidiary of Arcapita Group Holdings Limited, has closed KSA Logistics Fund III with an investment of SAR 1.8 billion ($500 million). The fund has already deployed a substantial amount in a portfolio of industrial real estate assets across the manufacturing and warehousing sectors. Arcapita plans to develop additional assets in strategic locations across Riyadh, Jeddah, and the Eastern Province, supporting Saudi Arabia’s ambitions to become a global logistics hub and aligning with the National Industrial Development and Logistics Program and Vision 2030.
- https://rikaz.com/rikaz-announces-phase-two-for-the-usd-293-million-project-the-node-logistics-park-in-riyadh/ – Rikaz, a Saudi real estate developer, has announced the launch of the second phase of its mega logistics park project ‘The Node’ in eastern Riyadh. Phase two spans 116,000 square metres, while phase one covers 158,000 square metres. The integrated logistics services complex, covering 3 million square metres, is being developed with a total investment of USD 293 million (SAR 1.1 billion) and includes Grade A warehouses. The warehouse units are available on the Suhail digital platform for easy purchase and rental access.
- https://www.argaam.com/en/bf/arriyadh/article/id/1774842/riyadh-development-signs-sar-227m-partnership-deal-to-develop-logistics-complex-in-riyadh?IRAccessToken=arriyadh§ion-id=205 – Riyadh Development Co. (ARDCO) has signed a strategic partnership agreement with Agility Logistics Parks to develop a logistics complex project in Riyadh for SAR 227 million. The project involves developing a 97,904-square-metre logistics complex in Al Remal District, Riyadh, including the construction of 58,000 square metres of Grade A warehouses. ARDCO owns 40% of the project’s total value, while Agility Logistics holds the remaining 60% stake. Work on site is expected to begin in 2025, with the logistics complex scheduled to open in the second half of 2026.
- https://saudistandard.com/2025/07/15/saco-warehouse-sale-riyadh/ – Saudi Company for Tools and Hardware (SACO) has sold its warehouse in Riyadh’s Al-Mashael District for SAR 140.42 million. The transaction includes a 42,937-square-metre facility and is part of SACO’s strategy to streamline operations and reduce debt. The buyer, Eradah Al-Imdad Al-Sadisa, acquired the property at a price above its book value. SACO plans to use the proceeds to repay bank loans and support future expansion projects, reflecting a broader trend among Saudi businesses divesting non-core assets to unlock capital for growth.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score: 8
Notes: The narrative was published on 24 November 2025, with similar reports appearing on 20 November 2025. (eyeofriyadh.com) The CargoTalk GCC article was crawled on 24 November 2025, indicating recent publication. (cargotalkgcc.com) The report is based on a press release, which typically warrants a high freshness score. No significant discrepancies in figures, dates, or quotes were found. The content is not republished across low-quality sites or clickbait networks. No earlier versions show different figures, dates, or quotes. The article includes updated data and does not recycle older material.
Quotes check
Score: 9
Notes: Direct quotes from Khalid bin Hassan Al-Qahtani, Chairman and CEO of Rikaz, are consistent across sources. No identical quotes appear in earlier material, indicating originality. No variations in quote wording were found.
Source reliability
Score: 7
Notes: The narrative originates from CargoTalk GCC, a specialised publication in the logistics sector. While it is a niche source, it is not an obscure or unverifiable outlet. The report is based on a press release from Rikaz, Logistiya, and Forsa Capital, which adds credibility. No unverifiable entities are mentioned in the report.
Plausibility check
Score: 8
Notes: The claims about the SAR 300 million logistics real estate fund and the development of a 67,000 square metre A-Class warehousing facility in Riyadh are plausible and align with recent developments in Saudi Arabia’s logistics sector. The project is expected to begin operations in 2027, which is a reasonable timeframe for such developments. The narrative lacks supporting detail from other reputable outlets, which is a minor concern. The report includes specific factual anchors, such as names, institutions, and dates. The language and tone are consistent with the region and topic. The structure is focused and relevant to the claim, without excessive or off-topic detail. The tone is formal and appropriate for a corporate announcement.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary: The narrative is recent, original, and based on a credible press release from reputable entities. The claims are plausible and supported by specific details. No significant issues were identified in the freshness, quotes, source reliability, or plausibility checks.