Arcapita funds logistics facility for Aramco and DHL Supply Chain

SAUDI ARABIA: Shariah compliant alternative investment group Arcapita is to fund the development of a 1.4 million square meter purpose-built logistics facility in the King Salman Energy Park (SPARK). This Arcapita-owned facility will then be leased for 22 years to ASMO, a joint venture between Aramco and DHL Supply Chain.

SPARK is positioned between Dammam Seaport, Aramco’s Abqaiq facilities and Al Hasa – enabling direct connectivity across the Kingdom’s energy and industrial network. This new facility includes a 43,000 square meter temperature-controlled Grade-A logistics warehouse, over 3,000 square meters of offices and staff facilities, 5,300 square meters of dedicated chemical storage space and a 1.2 million square meter open yard.