Riyadh Holding Company, the investment and executive arm of Riyadh Municipality, has announced the launch of "Marafid," its executive arm for developing and enabling economic infrastructure in Riyadh across three key sectors: logistics and mobility, industrial clusters, and the circular economy.

Marafid aims to transform economic assets and opportunities into integrated projects and operational ecosystems that support economic growth, enhance service efficiency, and promote sustainable development and quality of life in the capital, a Saudi Press Agency (SPA) report said.

Marafid’s operations encompass a range of projects, including logistics and distribution centres, smart parking facilities, electric vehicle charging stations, recycling clusters, and light industrial zones, thus enhancing the readiness of assets and related sectors for growth and investment.

The company also focuses on leveraging digital technologies to manage its projects and assets by developing smart systems that facilitate performance monitoring, improve beneficiary experiences, enhance operational efficiency, and support data-driven decision-making.—TradeArabia News Service