The contract includes two land plots, the first with an area of 125,000 square meters for Saudi Cigalah Group, one of the largest and most popular distributors of food products, medicines, and cosmetics in the region. In addition, it will be used by Cigalah Group for Logistic Services as a base for strategic expansion. The second plot has an area of 73,000 square meters and belongs to Cigalah Warehouse, which will enter a commercial partnership with Julphar Pharma, one of the largest pharmaceutical companies in the GCC region, to establish a world-class pharmaceutical plant.
Sheikh Yasser Bin Youssef Mohammed Naghi, Owner of Cigalah Group, expressed his optimism about investing in KAEC's Industrial Valley and pointed out that:"We are very pleased to establish a presence in KAEC where our new factories will represent an important step in expanding our business in the Kingdom."
Naghi went on to say: "We chose KAEC because of its strategic location by the Red Sea, with the Industrial Valley (IV) being directly linked to KAEC seaport, which makes the IV a global logistical hub and an access point to reach about 250 million consumers in the Middle East and North Africa. Further the Haramain Train station in KAEC which will connect the cities of Makkah, Madinah, Jeddah and KAEC will reduce the commute time between KAEC and Jeddah to just 25 minutes, as well as the land bridge project that will connect the Kingdom's eastern and western regions through a sophisticated railway network."
Mr. Fahd Al-Rasheed, MD and CEO of King Abdullah Economic City, expressed his delight at the strategic partnership with Cigalah Group, one of the most prominent businesses in the Kingdom. He pointed out that: "For Cigalah Group to choose the Industrial Valley in KAEC signifies the strength of KAEC's investments and achievements. Furthermore, the Industrial Valley has been developed according to global standards for infrastructure, making it a destination of choice for both local and international companies".
Mr. Al-Rasheed went on to say:"KAEC has been planned according to the highest civic standards in order to become one of the most important new cities in the world. Our strategic partnership with CIGALAH Group comes with pleasure as it confirms the steadiness and successfulness of the work process being carried in KAEC and adds to our record of achievements."
"The Industrial Valley has been designed with global standards for industrial zones, to become a hub for a large number of local and global industrial companies looking to establish projects either through ownership or long-term lease." Al-Rasheed commented
Mr. Ahmed Linjawy, President of Industry and City Services in KAEC highlighted:"King Abdullah Economic City has already succeeded in leasing Phase I of the Industrial Valley and has now launched Phase II, to become the home of numerous industrial complexes specializing in manufacturing medicines, plastics, construction materials, food products and consumer goods. Cigalah Group joins a list of major companies located in King Abdullah Economic City including Pfizer, Sanofi Aventis, Mars, Greif, TOTAL, Al Rajhi Heavy Industries, Tamer Pharmaceutical and Saudia Catering, Abdullatif Mohammed Salah Jamjoom & Bros, Almarai, Attieh-International Tube & Conduit Co. Ltd. (ITCC) and many others."Air Max 95 Stussy

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