In March 2024, Arcapita closed ARC KSA Logistics Fund III, a CMA-licensed fund with a target equity size of SAR 1.8 billion ($500 million) to aggregate a portfolio of industrial and logistics properties with a primary focus on Saudi Arabia. Arcapita has already deployed a substantial amount of the fund in a sizable portfolio of industrial real estate assets across the manufacturing and warehousing sectors. Over the coming months, Arcapita expects to execute on a pipeline of further assets situated in strategic locations across Riyadh, Jeddah, and the Eastern Province. Arcapita will also take a built-to-suit approach, whereby properties will be developed with long-term off-take arrangements with blue-chip local, regional, and global tenants.
Sector: | Real Estate, Industrial & Logistics |
Region: | Saudi Arabia |
Investment Date: | 2024 |