22 Hrs
Source:
الاقتصادية
GFH real estate platform secures $300M
Gulf Islamic Bank (GFI) is planning to develop a specialized real estate platform focused on logistics and industrial assets in Saudi Arabia and the UAE with an investment of $300 million. The goal is to meet the growing demand for storage and distribution, and to boost growth driven by the economic diversification strategies in both countries. The company will also manage the development of warehouses, industrial assets, and distribution needs, with a focus on long-term projects and capitalizing on growth in the e-commerce sector and infrastructure. The organization hopes that this initiative will improve its financial results and increase future returns.
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