Real estateUpdated November 2

Arcapita plans extra $1.5B for GCC logistics assets.

Asharq Business with Bloomberg and Asharq Al-Awsat report that Arcapita plans to commit an additional $1.5 billion over 24 months to industrial and logistics real estate across GCC markets. Forbes Middle East says the program is intended mainly for developing and acquiring industrial and logistics assets. For Saudi context, Forbes Middle East reports that construction has started on the 1.4 million-square-meter ASMO logistics hub at King Salman Energy Park. The coverage does not identify the hub as part of, or as funded by, Arcapita’s new investment plan. The commitment is planned spending, not money already invested.

3 publishers3 reports

Coverage started November 2