RIYADH: Saudi Arabia’s SAL Logistics Services has completed the acquisition of Belgium-based Aviapartner Liege for approximately SR120 million ($32 million), marking its first operational expansion outside the Kingdom.
The deal gives the company its first international operating base at one of Europe’s busiest air cargo hubs.
The all-cash acquisition, funded through SAL’s internal resources, gives the company full ownership of Aviapartner Liege and expands its network to 20 stations, following the receipt of all required regulatory approvals.
The deal comes as Saudi Arabia accelerates efforts to establish itself as a global logistics hub under Vision 2030 through investments in transport infrastructure, supply chain modernization, and multimodal connectivity.
For SAL, the acquisition strengthens its presence along the Saudi Arabia-Europe cargo corridor while providing its first international operating base.
