Sadr starts trial ops at Sadr Park

Logo of Sadr Logistics Co.

Sadr Logistics Co. announced the completion of the Logistics Services Complex Project (Sadr Park) and the commencement of the trial operations.

In a statement to Tadawul, the company said that commercial operations are expected to commence during the third quarter, as previously announced. The delay in the project's previously announced completion date was due to late arrival of some imported equipment.

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The construction costs did not exceed the previously announced amount, according to the approval of the company's board of directors, the company said, noting that there would be no impact on its financial statements.

According to data compiled by Argaam, Sadr announced in September 2023 that its board of directors approved the construction of Sadr Park on the purchased land in the Industrial Gate City, in Riyadh, for SAR 149 million.