Sadr Announces Commencement of Trial Operation at SADR Park Project in Riyadh

Sadr Logistics Co. announced on Sunday the completion of the Logistics Services Complex Project (SADR Park) in Riyadh and the commencement of trial operations of the cooling systems, equipment, and machinery.

The Company explained that the delay in the previously announced project completion date was due to the delayed arrival of some imported equipment. It noted that construction costs did not exceed the previously announced amount, as approved by the board of directors.

Sadr expects commercial operations to begin during the third quarter, as previously announced.

This comes in reference to Sadr Logistics Company’s announcement on the Tadawul platform on September 21, 2023, of the approval of the Company’s Board of directors to establish the project in the Industrial Gate City in Riyadh, affiliated with the Saudi Authority for Industrial Cities and Technology Zones (MODON).