A wholly owned subsidiary of Alandalus Property has acquired a prime logistics plot in Riyadh, in a move aimed at expanding its storage and warehousing portfolio. The purchase was completed on 18 October 2026.
The buyer, Marafiq Alandalus Allujistiyah Company, secured a 44,550-square-metre plot zoned for logistics use in the Al Mashael District of Riyadh. The transaction was valued at 83.8 million ريال سعودي, a figure that includes the real estate transaction tax and brokerage fees. The land was purchased from Ahmad Suleiman AlFahad wa Awladuh Company.
the plot is earmarked for the development of logistics warehouses and storage facilities. The company indicated that funding for the deal will come from its own internal resources or through bank facilities.
Why it matters
The acquisition reflects continued momentum in Riyadh's logistics and warehousing sector, an area that has seen growing demand as the capital expands its role as a regional hub for distribution and storage. New logistics capacity can support faster supply chains and e-commerce growth, which ultimately benefits businesses and residents across the city.
For the wider community, investments of this kind signal confidence in Riyadh's real estate market and in the Kingdom's broader push to strengthen infrastructure and commercial services. No separate government application steps, validity period, or additional fee schedule were disclosed for this corporate land purchase.
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