King Abdullah Economic City (KAEC) and Arcapita, the global alternative investment firm, announced the signing of a Memorandum of Understanding (MoU) for developing state-of-the-art warehousing facilities in the economic city.
Under the terms of the MoU, Arcapita will leverage its expertise in creating high-quality built-to-suit industrial real estate facilities and oversee the development of warehouses tailored to meet the requirements of potential tenants, further contributing to the region’s industrial and logistical growth.
Majid Abdullah Matbouly, Chief Industrial Valley & KAEC Special Economic Zone Officer, said the agreement is a significant step in KAEC’s mission to develop a leading industrial and economic powerhouse.
“With Arcapita’s proven expertise in global and regional asset management, we are confident this partnership will elevate the Industrial Valley’s service offerings, competitiveness, and global appeal,” he said.
Isa Al Khalifa, Director of MENA Real Estate at Arcapita, said: “Together, we aim to establish modern industrial facilities that align with global standards, delivering innovative and environmentally sustainable solutions to our partners and stakeholders.”
King Abdullah Economic City expands industrial facilities
The partnership will provide King Abdullah Economic City access to Arcapita’s global network of blue-chip tenants, attracting high-quality investors.
Additionally, the development will include ESG-compliant warehousing projects, ensuring environmental sustainability and operational efficiency.
It will also enable participation in a growing portfolio of flagship assets that offer attractive risk-adjusted returns.
In addition to infrastructure development, the MoU also outlines key promotional and operational roles for King Abdullah Economic City and Arcapita.
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