FundVintage 2024Updated Mar 6, 2024
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KSA Logistics Fund III

Arcapita Capital Company’s KSA Logistics Fund III attracts major investments, aims to transform Saudi Arabia into a global logistics hub.

About This Fund

The KSA Logistics Fund III, created by Arcapita Capital Company, focuses on investing in industrial real estate assets across the manufacturing and warehousing sectors in strategic locations across Riyadh, Jeddah, and the Eastern Province in the Kingdom of Saudi Arabia. The fund aims to take a built-to-suit approach, developing properties with long-term off-take arrangements with tenants.

Arcapita Group's strategy with this fund is to leverage its international expertise in industrial real estate to support Saudi Arabia's ambition of becoming a global logistics hub. The fund also aligns with the Kingdom's Global Supply Chain Resilience Initiative, which aims to attract SAR 40 billion ($10.6 billion) in investments and transform the country into a global logistics hub.

The fund has already attracted investments from a leading sovereign wealth fund from the GCC region, as well as other major institutional investors such as pension funds and financial institutions. With a strong track record of managing over SAR 3.8 billion ($1 billion) of industrial warehousing assets in KSA and the GCC region, Arcapita Group is well-positioned to play a key role in the growth of Saudi Arabia's industrial real estate market and the overall implementation of the National Industrial Development and Logistics Program and the Kingdom's Vision 2030 plan.

Overall, the KSA Logistics Fund III is aimed at capitalizing on the substantial growth potential of Saudi Arabia's industrial and logistics sectors, driven by factors such as the growth of e-commerce, government-led investment in infrastructure and the industrial sector, and the strategic initiatives of the Kingdom to become a global logistics hub.

Fundraising Details

Currency
SAR
Final Close Date
Mar 6, 2024
Total Raised to Date
$500M

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