9Cadence invests $533M for logistics space

Kaden Company is investing approximately $533 million in its logistics real estate projects, aiming to expand its portfolio to one million square meters of space through five projects in Riyadh, Jeddah, Dammam, and Madinah. These investments come as a response to the growing demand for warehouses and logistics spaces driven by the expansion of supply chains and the evolution of trading patterns. Projects such as "Logistic Park" are underway in various cities, with plans to operate them over the next three to four years. The company also emphasizes that logistics has become a key focus in its strategy, with the real estate sector playing an important role in supporting economic growth and strengthening the tourism and industrial sectors by providing the necessary infrastructure.

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