Investcorp To Invest $1 Billion Across GCC

(MENAFN– The Arabian Post)

Investcorp, a leading global alternative investment firm, announced today that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years.
This follows Investcorp’s first real estate acquisition in the Kingdom of Saudi Arabia. The investment is a brand new, state-of-the-art, 215,000 square feet temperature-controlled warehouse located in Dammam. This is the first of $100 million-worth of real estate investments that the firm is currently assessing in the Kingdom of Saudi Arabia.

The Dammam warehouse is fully leased to Racking Systems Logistics Services Company, a third-party logistics company, which serves the Saudi market in the temperature-controlled warehousing and distribution segment. The investment in the Dammam warehouse – which can store up to 32,000 pallets of goods – will bring the value of Investcorp’s global warehousing logistics investments to over $4 billion, representing approximately 42 million square feet of industrial space.

Also published on medium .

/the netizen report more @netizen report


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.