Investcorp plans to invest $1bn in GCC real estate market over next 5 years

Investcorp plans to invest $1bn in GCC real estate market over next 5 years

Investcorp, a Bahrain-based asset manager, has announced its plan 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 Saudi Arabia. The investment is a new, state-of-the-art, 215,000 square feet temperature-controlled warehouse located in Dammam. This is the first $100 million worth of real estate investments the firm is currently assessing in the Kingdom of Saudi Arabia.

The Dammam warehouse is fully leased to Racking Systems Logistics Services Company (RTL), a third-party logistics company that 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.

Hazem Ben-Gacem

Co-CEO

Investcorp “Investcorp is a natural partner in this growth journey, and this acquisition leverages our global experience investing in the logistics sector, particularly in the US, Europe and India. This is the first in a series of investments we are planning to make in the near future, to invest $1 billion over the next five years.”

Mr. Babak Sultani, Head of GCC Real