Batic discloses subsidiary’s logistics real estate projects

Batic Investments and Logistics Co. announced today, Oct. 15, the current logistics real estate projects of its subsidiary Batic Real Estate Co.

The projects included two land plots in Al Manakh District and Al Kharj Road, Batic said in a statement to Tadawul.

Batic Real Estate began construction on the 10,000-sqm land in Al Manakh District, Riyadh, to build high-risk storage warehouses. The financial impact is expected to appear in Q4 2025.

For the Al Kharj project, Batic said its subsidiary obtained an agricultural project (construction) license from the Ministry of Environment, Water and Agriculture (MEWA) to build cooling and freezing warehouses on an area of 50,000 sqm on its agricultural land plot.

The land plot, with of an area of more than 104,000 sqm, is located on the old Al Kharj Road, Riyadh.

The company is in the process of obtaining other necessary licenses for the Al Kharj project.

Meanwhile, Batic Real Estate is studying diverse investment opportunities in the logistics real estate sector, whether in purchasing and developing lands or acquiring logistics real estate projects in Riyadh.

The Saudi-listed firm aims to benefit from the sector's rapid growth, achieve sustainable and reward returns for shareholders by maximizing the return on the value of current assets, achieve profitable returns from real estate development, invest in the logistics real estate sector, and realize capital gains.

The company added that any material developments will be announced.

This comes in line with the growing business landscape witnessed by Saudi logistics, including the launch of the master plan for logistics centers in 2023, and the readiness of Riyadh to host Expo and Vision 2030 projects, which will contribute to opening promising opportunities in the logistics sector, with rising population and demand for warehouses.