March 25, 2023

Investors in the Eastern Province are looking forward to launching Yazdan Real Estate Company and Al Wabel Real Estate Company for multiple investment opportunities in warehouses, warehouses and workers’ housing through the launch of the Amal Square scheme, which will be built on an area of ​​539,000 square meters and in a typical location connected to a number of important arterial roads in the Dammam metropolitan area, including the King Fahd Road and the Cooperation Council Road.

These opportunities will be offered through an auction to be held next Monday corresponding to 20 March 2023 at the Dammam Sheraton Hotel, during which 340 plots of land will be offered to investors and those interested in the warehousing and logistics sector. Faisal Al-Zahrani, CEO of Yazdan Real Estate Company, said: “The warehousing and storage sector in the Kingdom continues its rapid growth. And the eastern region is coming to the fore due to its prominent geographical position and its many outlets to neighboring countries, in addition to the advanced industries that cover the region and the many industrial cities, indicating an outstanding logistics future.

For his part, Hamad Al-Wabel, CEO of Al-Wabel Real Estate, said: “The plan has been prepared to the highest standards of infrastructure and superstructure, as well as various areas that meet all requirements for the construction of storage facilities. , workrooms, refrigerators, food and processing plants, or a yard for the sale of heavy equipment, or a truck stop. , and it was implemented in accordance with the well-thought-out plans of the East Region Municipality to keep pace with the great development that is observed in the region in the logistics services sector and become an important addition to the business areas in the region.

Those responsible for the implementation of Aamal Square aim to contribute to the achievement of the goals of the Kingdom Vision 2030, one of the directions of which was the transformation of the Kingdom into a leading industrial power, the provision of competitive value-added logistics services for domestic market. product and develop innovative concepts in the field of delivery, warehousing and business, as well as improve the efficiency of supply chains in the region.

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