Savola sets up RDC at KAEC through subsidiary Al Azizia Panda

The Savola Group revealed its board decision recently, approving the decision of its subsidiary Al Azizia Panda, 74.4 percent owned by The Savola Group, to establish a Retail Distribution Center (RDC) at King Abdullah Economic City (KAEC) in Rabigh. Panda will invest SR 400 million to establish the center on a land area covering 200,000 square meters in Zone B of the first phase of KAEC’s Industrial Valley. The agreement will be based on a long-term lease reaching 30 years from Emaar and will be self-financed by the company.
The Savola Group MD Abdulraouf Mannaa explained that this expansion stems from the company’s efforts to benefit from the services and infrastructure provided by KAEC and the Industrial Valley including the advanced transportation facilities mainly Al Haramain Train and highways network, which represent a high strategic value for the RDC. The RDC will be part of the integrated industries at the KAEC and will enhance the logistical capabilities of the company reflecting positively on the sales and distribution activities for Panda.