Saudi Arabia's warehouse real estate sector and the effect of COVID-19
This paper examines the key drivers and factors influencing the evolution of Saudi Arabia’s warehousing industry. Colliers conducted a survey in May 2020 to anonymously gather and provide real data to capture market sentiment on the COVID-19 impact and the potential future of the Kingdom’s storage solution sector. We expect the warehousing sector to embrace structural revisions as a response to rapidly changing demand drivers and technological advances. This paper will additionally capture the demand-supply dynamics and drivers in the cities of Riyadh, Jeddah and DAK (Dammam and Al Khobar). This paper will briefly touch on logistics and supply chain disruptions while in-depth details on logistics implications will follow on a future publication.