Tuesday, 16 December 2025
GARBE Industrial, a developer, provider and manager of logistics and light industrial real estate in Europe, and ARTAR, a real estate developer based in Saudi Arabia, have signed a memorandum of understanding to establish a joint venture focused on logistics real estate developments in the Kingdom. The joint venture will operate under the name AG Logistics Partners.
The partnership is intended to develop Grade A logistics and industrial facilities in key Saudi cities, including Riyadh, Jeddah and Dammam. Over the next five years, the joint venture plans to deliver a portfolio of logistics properties designed to international construction and sustainability standards, targeting occupiers from sectors such as e-commerce, manufacturing and trade.
According to the partners, the projects will focus on modern warehouse and distribution facilities incorporating energy-efficient systems, automation solutions and contemporary building design. The initiative is positioned to respond to limited availability of high-quality logistics space in Saudi Arabia, as demand continues to grow alongside broader economic development initiatives.
“This collaboration marks a pivotal moment in Saudi Arabia’s Vision 2030 transformation,” said Sulaiman AlRashid, CEO of ARTAR. “By partnering with GARBE’s world-class expertise, we’re not just building warehouses — we’re creating the backbone of a resilient, future-ready supply chain that will drive prosperity for generations to come.”
Christopher Garbe, Managing Partner of GARBE Industrial, said the joint venture aligns with the company’s international expansion strategy. “Our ambition is to attain quality leadership in regard to modern high-end logistics real estate in Saudi Arabia within the framework of this joint venture. Working closely with ARTAR, we will merge local know-how with international experience in order to build up a highly productive logistics infrastructure that will attract international companies to Saudi Arabia,” he said.
The signing of the Heads of Terms represents a formal step toward establishing the joint venture, with development activities expected to begin in the first quarter of 2026.
The announcement follows GARBE Industrial’s recent opening of an office in the Dubai International Financial Centre, reflecting its intention to strengthen its presence in the Middle East as part of its broader international growth plans.
