{"id":77232,"date":"2024-03-07T00:00:00","date_gmt":"2024-03-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/07\/arcapita-closes-a-sar-1-8-bn-fund-to-develop-ksas-logistics-portfolio\/"},"modified":"2024-03-07T00:00:00","modified_gmt":"2024-03-07T00:00:00","slug":"arcapita-closes-a-sar-1-8-bn-fund-to-develop-ksas-logistics-portfolio","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/07\/arcapita-closes-a-sar-1-8-bn-fund-to-develop-ksas-logistics-portfolio\/","title":{"rendered":"Arcapita closes a SAR 1.8 bn fund to develop KSA\u2019s logistics portfolio"},"content":{"rendered":"

<\/strong>Bahrain-based Sharia-compliant real estate and private equity player <\/strong>Arcapita<\/a><\/strong> has closed <\/strong>the SAR 1.8 bn (USD 500 mn) KSA Logistics Fund III<\/strong>, <\/strong>with the round seeing the participation of unnamed institutional investors and a GCC-based sovereign wealth fund, according to a statement<\/a>. The raised funds will go towards developing the outfit\u2019s KSA logistics portfolio.<\/p>\n

Details:<\/strong> Arcapita has already mobilized a significant portion of the raised funds towards a group of real estate investments in Saudi Arabia\u2019s manufacturing and warehousing sectors, the statement said. Arcapita plans to implement a pipeline of new assets strategically located in Riyadh, Jeddah, and the Eastern Province in the coming months, with a \u201cbuilt-to-suit approach\u201d designed to produce long-term offtake agreements with tenants, the statement explained. <\/p>\n

Arcapita is already well-established in the region\u2019s logistics sector,<\/strong> with some SAR 3.8 bn in industrial warehousing assets under the company\u2019s management in the GCC, Arcapita Deputy CEO Hisham Al Raee said in the statement. The group\u2019s investors include pension funds, sovereign wealth funds, and financial institutions, Al Raee added.<\/p>\n

What they said:<\/strong> \u201cWe expect Saudi Arabia\u2019s industrial real estate market to experience substantial growth over the long term, driven by the significant and continued growth of e-commerce across the Kingdom and by strong government-led investment in infrastructure and the industrial sector,\u201d Managing Director and Head of MENA Investment at Arcapita Yousif Al Abdulla said in the statement.<\/p>\n

REMEMBER<\/strong>-<\/strong> Demand for warehousing facilities<\/a> in KSA continues to ramp up as the country undergoes a boom in e-commerce and non-oil industries. The country has approved ambitious plans for warehousing developments at major cities and industrial hubs. <\/p>\n","protected":false},"excerpt":{"rendered":"

Arcapita already manages some SAR 3.8 bn in warehousing assets across the GCC<\/p>\n","protected":false},"author":1,"featured_media":77233,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[44,31,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-saudi-arabia","tag-storage-warehouses","wpautop","entry"],"acf":{"mongo_id":"fb9b3b9f-6318-4261-941a-fc4ef0f0f334","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/633.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arcapita closes a SAR 1.8 bn fund to develop KSA\u2019s logistics portfolio","related_issue":[77227],"teaser":"Arcapita already manages some SAR 3.8 bn in warehousing assets across the GCC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.a95cc52d-fd96-4c90-8545-4fd1bbf52606.mp3"},"yoast_head":"\nArcapita closes a SAR 1.8 bn fund to develop KSA\u2019s logistics portfolio - 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