SC Capital and CapitaLand launch UAE-based industrial fund: Singapore-based SCCapital Partners and CapitaLand Investment — which holds a 40% stake in SC Capital — launched the SC GCC Real Estate Industrial Development Fund (GRID), their first co-sponsored industrial development vehicle in the UAE, according to a press release (pdf). The fund’s inaugural project, a 300k sqm industrial park in Ras Al Khaimah Economic Zone (Rakez), is expected to host over 50 tenants and create 1.8k jobs.

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The details: The park will target high-tech and smart manufacturing enterprises, particularly from Asia, with tenants expected in sectors such as EVs, renewable energy, and advanced materials. THi Holding Management Corporation will act as development manager, asset manager, and operator.

REMEMBER- Rakez previously partnered with THi Holding on a 300k sqm tech-focused industrial park in Al Hamra, aimed at boosting the emirate’s competitiveness in tech by attracting global firms in AI, software, and advanced technologies.

What’s next? The fund is eyeing projects in Abu Dhabi and Dubai’s industrial zones, which are expected to anchor its future growth.

IN OTHER INDUSTRIAL NEWS-

Biostadt India to join Rakez’s Al Hulaila zone: Indian agricultural biostimulants manufacturer Biostadt India is establishing a new manufacturing facility in Al Hulaila Industrial Zone of Ras Al Khaimah Economic Zone (Rakez), according to a press release. The company signed a lease agreement for the 100k sq ft facility, which will have an annual production capacity of around 5k kiloliters to serve markets across MENA and East and West Africa. Operations are scheduled to begin in July 2026, with the plant expected to create advanced technical jobs in Ras Al Khaimah.

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