Just in:
Navigating AI landscape: Fostering digital agility and resilience // CAA’s Implementation Just Before National Election Looks Purely Political // Supreme Court deals another blow to govt, SBI in electoral bond case // Adapting to the Digital Evolution: Strategies for Online Trading in the UAE // Maldives Tourism Triumphs: Visitor Numbers Surpass 100,000 for Third Consecutive Month This Year // 2024 China Corporate Payment Survey: Payment delays continued to shorten, but corporates increasingly cautious // Lingnan launches LingnanVerse 2.0 BETA to attract top students from all over the world // Credit Rating Agency Maintains Positive Outlook for Kuwait // HKSTP Unveils Top 74 Global Startups Confirmed for EPiC 2024 Grand Finale // Stepping into History: Saudi Arabia Launches Virtual Realm for Cultural Exploration // ViewQwest Commits to Responsible Innovation in Brand Refresh // China Tower (788.HK) Announces 2023 Annual Results // Cracking Down on Exploitation: UAE Outlines Penalties for Organized Begging // Andertoons by Mark Anderson for Mon, 18 Mar 2024 // Deceptive Doc Trick: Phishing Campaign Targets US Businesses with Remote Access Trojan // National Push for Healthier Plates: Ministry Launches Campaign on Balanced Diets // Blue Cross Partners with AlipayHK on Easter Promotion Travel Smart 5-day Single-trip Cover for Only HK$1 // Andertoons by Mark Anderson for Tue, 19 Mar 2024 // Dubai Holding’s Consolidation Move Raises Questions About Property Market Stability // 100 days of UAE’s COP28 presidency: Bouquets and brickbats //
HomeChannelsFeaturedInvestcorp to invest $1 billion across GCC

Investcorp to invest $1 billion across GCC

Investcorp CEO Hazem Ben Gacem 008 e1662533450815

Investcorp, a leading global alternative investment firm, announced today that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years.
This follows Investcorp’s first real estate acquisition in the Kingdom of Saudi Arabia. The investment is a brand new, state-of-the-art, 215,000 square feet temperature-controlled warehouse located in Dammam. This is the first of $100 million-worth of real estate investments that the firm is currently assessing in the Kingdom of Saudi Arabia.

The Dammam warehouse is fully leased to Racking Systems Logistics Services Company, a third-party logistics company, which serves the Saudi market in the temperature-controlled warehousing and distribution segment. The investment in the Dammam warehouse – which can store up to 32,000 pallets of goods – will bring the value of Investcorp’s global warehousing logistics investments to over $4 billion, representing approximately 42 million square feet of industrial space.


Also published on Medium.

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT
Just in:
Beyond Bullets and Barrels: UAE imports finance 125,000 US jobs // Dubai Holding’s Consolidation Move Raises Questions About Property Market Stability // ViewQwest Commits to Responsible Innovation in Brand Refresh // Cracking Down on Exploitation: UAE Outlines Penalties for Organized Begging // CAA’s Implementation Just Before National Election Looks Purely Political // Blue Cross Partners with AlipayHK on Easter Promotion Travel Smart 5-day Single-trip Cover for Only HK$1 // Andertoons by Mark Anderson for Mon, 18 Mar 2024 // Supreme Court deals another blow to govt, SBI in electoral bond case // Emirati Spacefarers Chart New Territory in Scientific Research // Adapting to the Digital Evolution: Strategies for Online Trading in the UAE // Deceptive Doc Trick: Phishing Campaign Targets US Businesses with Remote Access Trojan // National Push for Healthier Plates: Ministry Launches Campaign on Balanced Diets // Stepping into History: Saudi Arabia Launches Virtual Realm for Cultural Exploration // Andertoons by Mark Anderson for Tue, 19 Mar 2024 // Navigating AI landscape: Fostering digital agility and resilience // Sharjah Government Announces Remote Work for Employees // Cogent Realty Advisors Launches Guide to Most Collaborative Office Space for AI and Tech Companies In Downtown NYC // Maldives Tourism Triumphs: Visitor Numbers Surpass 100,000 for Third Consecutive Month This Year // China Steers Toward Electric Vehicle Leadership // VinFast Founder launches Global EV Charging Stations Company V-Green //