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GIB to Develop $300M Logistics Platform in MENA
Gulf Financial House (GFH) has signed a memorandum of understanding with Octo Management Consultancies to develop a $300 million logistics and industrial real estate platform in Saudi Arabia and the UAE. The goal is to meet the increasing demand for warehouses and industrial assets in the Gulf markets and to support the growth of the logistics and e-commerce sectors. The company will oversee investment management and asset development through dedicated and open projects to strengthen its regional presence and generate long-term returns. This initiative is part of GFH Bank's efforts to expand its investments in the logistics and industrial sectors, following indications that its financial position and market conditions present clear investment opportunities.
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