3 Hrs
Source:
البلاد
Arcapita to invest $1.5B+
Arcapita Group plans to invest more than $1.5 billion in industrial and logistics real estate across the Gulf Cooperation Council countries over the next two years, expanding its platform through asset acquisitions and the development of projects that meet businesses’ needs. The new investments will add to its existing portfolio in the sector, valued at more than $2 billion, which includes projects in Saudi Arabia and the UAE, including the 1.4-million-square-metre Asmo logistics park. The group said economic diversification across the Gulf, stronger supply chains and a limited supply of modern facilities are supporting growth prospects in the sector.
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