Al-Tanqiyah Industrial
Recommissioning story of Al-Tanqiyah Industrial at Exit 18 in Riyadh: an industrial complex with a total area of 91,685 m², comprising 12 blocks and 160 workshops, as stated in Al Arrab Real Estate's profile.
Project and scope
According to Al Arrab Real Estate's profile, the Al-Tanqiyah Industrial complex had been inactive for more than two and a half years due to the accumulation of regulatory and technical requirements and obstacles. The project is located at Exit 18 in Riyadh; it includes 12 blocks and 160 workshops within a total area of 91,685 m².
The remediation began by completing asset-related requirements: connecting electricity, obtaining licenses and the certificate of completion of construction, finalizing municipality and civil defense procedures, and conducting market and pricing studies. Works also included reactivating the site's lighting and preparing the asset for leasing, then establishing an on-site leasing office and following up with property management.
The brochure documents the leasing of 72,150 m² of space and the presence of tenants from agencies and automotive service centers. Al Arrab Real Estate lists among the main tenants Taqniyat Al-Sayarat Al-Sareeah, Al Jomaih for Automobiles, Abdul Latif Jameel for Automobiles, Al-Majdouie for Automobiles, New East (ISUZU), and others mentioned in its profile. These figures describe the project's status as presented in the brochure and are not a commitment to similar results in another project.
The project demonstrates the connection between operations and marketing: completion of the technical and regulatory requirements helped present the site to the market, and setting pricing and preparing for leasing were carried out in the context of a usable asset. An owner with a multi-unit asset can discuss its current condition and appropriate next steps via the contact page.