(MENAFN) Nesma Holding and King Abdullah Economic City (KAEC) have signed a deal for an industrial land plot in KAEC Industrial Valley-phase 2, according to Arab News
Nesma, in cooperation with DHL International, will launch a regional logistics center.
The contract was signed by Fahd Al-Rasheed, MD & CEO of KAEC, and Faisal Al-Turki, chairman and VP of Nesma Holding
Al-Rasheed said: "Nesma Holding is one of the leaders of the real estate management and development industry and we are delighted that the company has chosen to invest in a logistic services center at KAEC as part of its diversification strategy.
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