$1 billion to be invested in GCC real estate by Investcorp in five years

Bahrain-based Investcorp, which counts Mubadala Investment Company as its biggest shareholder, announced today that it will invest $1 billion in the GCC real estate market. It follows Investcorp’s first real estate purchase in Saudi Arabia. The investment consists of a new, state-of-the-art, 215,000 square foot temperature-controlled warehouse located in Dammam. This is the first $100 million-worth of real estate investment that the firm is currently evaluating in the Kingdom of Saudi Arabia.

$1 billion to be invested in GCC real estate by Investcorp in five years

It is fully leased to Racking Systems Logistics Services Company (also known as “RTL”), a third-party logistics company serving the Saudi market in the area of temperature-controlled warehousing and distribution. As a result of the investment in the Dammam warehouse – which can store up to 32,000 pallets of goods – Investcorp’s global warehousing and logistics investments will exceed $4 billion, which equates to approximately 42 million square feet of industrial space.