A consortium consisting of the Ajlan & Brothers Group and Ammar Real Estate announced the sale of the Industrial Diversification Project, located in Dammam west of the Second Industrial City, at a public auction on April 27, covering an area of approximately 900,000 square meters.

The «Industrial Diversification» project offers unique and diverse investment advantages, including the development of infrastructure, the establishment of various industrial centers, the construction and leasing of warehouses, investment in residential services for workers, and investment in supply, storage, and packaging services, as well as other assembly operations and workshops.

On the occasion of the sale of the project, Ajlan Al-Ajlan, Chairman of the Board of Directors of Ajlan & Brothers Group, said that there is high demand for land designated for industrial uses, warehouses, factories, and multi-use maintenance centers, as a result of the tremendous and rapid growth in business, industry, and commerce.

For his part, Abdulhadi Al-Qahtani, CEO of Ammar Real Estate, explained that the master plan’s engineering design took into account all technical aspects and specialized solutions for an industrial zone that lays the foundation for the industries of the future; with infrastructure development for the project taking approximately two years and the project being developed in accordance with approved regulatory specifications.