Arcapita named advisor to HSBC Saudi’s $150 mln GCC logistics fund

30/01/2018 Argaam

 

Bahrain-based Arcapita has been appointed advisor to HSBC Saudi Arabia for its $150 million GCC investment fund that will target logistics and warehouse assets in Saudi Arabia and the United Arab Emirates, the company said in a statement on Monday.

 

The Sharia-compliant investments firm will identify and assist in the financing and sale of assets, as well as provide services such as asset management, structuring, due diligence, monitoring, and fund administration to the fund.

 

According to the Agility Logistics Market Index, Saudi Arabia and UAE logistics sectors are ranked the third and fifth most attractive, respectively, within emerging markets.

 

The Kingdom’s logistics industry is expected to benefit from Vision 2030, with increased government spending likely in air and seaport infrastructure.

 

Meanwhile, the UAE logistics sector is poised to grow on the back of Dubai Expo 2020 and its position as a global redistribution hub.

 

Arcapita has concluded 40 real estate transactions, valued at $15 billion, in the Middle East, US, Europe and Asia, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.