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Bahrain’s Arcapita partners with HSBC Saudi on $150m logistics fund

Bahrain’s Arcapita partners with HSBC Saudi on $150m logistics fund

The firm will identify assets in the UAE and Saudi Arabia

Bahrain-headquartered Arcapita has announced its appointment as an advisor to HSBC Saudi Arabia for the bank’s $150m GCC investment fund targeting logistics and warehouse assets in the kingdom and the UAE.

The alternative investment firm said it would identify assets and assist in their financing and sale, provide asset management services, structuring, due diligence monitoring and fund administration

The logistics sectors in both countries are set to grow thanks to increased government spending on air and sea port infrastructure as part of Saudi Vision 2030 and growing trade and commerce in Dubai as Expo 2020 approaches, according to the announcement.

Arcapita has acquired, managed and exited $400m of logistics properties in Saudi Arabia and completed transactions worth $350m in the UAE including a March acquisition of 10 warehouses in Dubai Investment Park for $150m.

Read: Bahrain’s Arcapita buys Dubai warehouses for $150m

“As hubs facilitating trade between key international ports, and gateways to Africa’s $3 trillion economy, Saudi Arabia and the UAE are thriving logistics markets with a solid long-term investment outlook,” said Arcapita CEO Atif A. Abdulmalik.

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