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Investcorp, a number one world various funding agency, introduced right this moment that it’s planning to speculate as much as $1 billion in the true property market within the GCC over the subsequent 5 years.
This follows Investcorp’s first actual property acquisition within the Kingdom of Saudi Arabia. The funding is a model new, state-of-the-art, 215,000 sq. ft temperature-controlled warehouse positioned in Dammam. That is the primary of $100 million-worth of actual property investments that the agency is presently assessing within the Kingdom of Saudi Arabia.
The Dammam warehouse is absolutely leased to Racking Techniques Logistics Companies Firm, a third-party logistics firm, which serves the Saudi market within the temperature-controlled warehousing and distribution phase. The funding within the Dammam warehouse – which may retailer as much as 32,000 pallets of products – will carry the worth of Investcorp’s world warehousing logistics investments to over $4 billion, representing roughly 42 million sq. ft of business area.
Additionally revealed on Medium.
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