Rikaz, a Saudi Real Estate Developer, has announced yesterday the launch of the second phase of its logistics park project ‘The Node,’ located in eastern Riyadh.
The mega project is being developed with an investment of USD 293 Million ( SAR 1.1 billion). Phase two of the project spans over an area of 116,000 sqm, while phase one, launched earlier this year, covers an area of 158,000 sqm. The integrated logistics services complex includes Grade A warehouses.
The warehouse units are available on the Suhail digital platform for easy purchase and rental access.
The statement mentioned that the project is being financed by Alinma Bank and Alinma Investment Company locally.