Omar Hariri, CEO of SAL Saudi Logistics Firm
He mentioned Omar Hariri CEO of the corporate SAL Saudi Logistics Providers The corporate has begun receiving land for the Falcon Metropolis venture in northern Riyadh, and infrastructure work will start inside 60 days, indicating that the primary part will probably be accomplished by 2027, with the venture being absolutely accomplished in 2030.
Hariri added in an interview with Al Arabiya that the constructive monetary affect of the venture will start to seem on revenues beginning in 2028, and that investments will probably be pumped step by step ranging from the primary quarter of 2026, anticipating to spend about 20% of the venture worth within the first yr of infrastructure work.
He identified that a part of the venture will probably be carried out in response to the “custom-made sale” mannequin primarily based on long-term contracts extending as much as 25 years, indicating that the corporate will stability self-financing and exterior financing applications to implement the venture, anticipating to announce the intention to supply and the main points of this system through the first half of 2026.
Hariri burdened that the corporate has a robust monetary construction, noting that the present debt ratio is low in comparison with the typical of corporations working within the sector.
Commenting on Monetary outcomesHariri mentioned that the corporate’s internet income elevated by 16% through the third quarter of 2025, supported by elevated revenues in all its working sectors.
He said that the corporate’s gross revenue margin reached 46%, a rise of about 3% over the earlier quarter, whereas the bottom dealing with sector achieved a revenue margin of 49% in comparison with 8% within the logistics providers sector.
Hariri mentioned that the expansion prospects within the transportation and logistics providers sector within the Kingdom are very promising due to the implementation of the nationwide technique for transportation and logistics providers, explaining that the corporate is at the moment engaged on main growth initiatives for charging stations.
He identified that the corporate serves nationwide airways and all carriers working within the Kingdom, and is negotiating with Riyadh Air inside the logistical providers chain, and can announce any agreements as quickly as they’re accomplished.
In accordance with information numbersFinal March, SAL Firm introduced the signing of a preliminary settlement with Silah Firm to lease land with an space of 1.56 million sq. meters in Falcon Metropolis within the Malham space, north of Riyadh, to construct, develop and function a logistics park with investments of about 4 billion riyals.
The settlement consists of SAL’s lease of land for the aim of implementing SAL’s logistical initiatives and providers for a interval of 30 years, extendable to an extra 15 years by settlement of each events, with a grace interval of three years.
Final October, the corporate accomplished the signing of the ultimate settlement for the venture (sub-usufruct rights settlement) with Silah Firm, with a rise of 12.22 thousand sq. meters over what was said within the preliminary settlement.
