GFH partners with Panattoni, Gulf Warehousing to develop SAR 2B logistics facilities in Saudi

Logo of GFH Financial Group (GFH)

GFH Financial Group (GFH) signed a strategic partnership with Panattoni Saudi Arabia to develop 500,000 square meters (sqm) of state-of-the-art logistics facilities in Saudi Arabia.

In a statement, GFH said this collaboration focuses on creating high-quality logistics and industrial infrastructure across key cities, including Riyadh, Jeddah, and Dammam with a total planned investment of SAR 2 billion ($ 500 million) over the coming five years, and an initial allocation of SAR 375 million ($ 100 million) to support Phase 1 and other development initiative.

The first phase of the partnership will include the development of a logistics park in South Riyadh, adjacent to Al Kharj Road. The facility will cover a built-up area of 50,000 sqm, strategically designed to support the increasing demand for premium logistics solutions in and around the capital.

Panatoni will leverage its expertise in development management to ensure the highest standards in the design, construction, and delivery of the logistics facilities. In parallel, GFH will provide robust financial support and oversee the sourcing of tenants and leasing actvities, ensuring seamless execution.

To this end, GFH signed an agreement with Qatar’s GWC Logistics (GWC), one of the leading logistics providers in the GCC, to support GWC in its expansion through the leasing up to 200,000 sqm of logistics space developed by Panatoni over the next four years.

GWC’s involvement as an anchor tenant is a key milestone in the project, reinforcing the long-term viability and operational relevance of the planned logistics facilities. GWC will collaborate with the development