SC Capital Partners And CapitaLand Investment Launch GCC Real Estate Industrial Fund To Boost UAE Economy

SC Capital Partners, a prominent real estate investment firm from Singapore, has introduced the SC GCC Real Estate Industrial Development Fund (GRID) in the UAE. This is their first industrial development fund co-sponsored with CapitaLand Investment Limited (CLI), a global asset manager holding a 40% stake in SC Capital Partners. The fund aims to transform Ras Al Khaimah with an industrial project that will generate 1,800 jobs and attract over 50 tenants.

In collaboration with THi Holding Management Corporation, SC Capital Partners will manage development, assets, and operations. Together, they form a consortium combining global investment expertise with local real estate capabilities. The project is under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, and will be developed in the Ras Al Khaimah Economic Zone (RAKEZ).

The UAE's industrial and logistics sectors are experiencing significant growth due to increased purchasing power, e-commerce expansion, and Industry 4.0 initiatives led by the government. This initiative aims to attract high-tech manufacturing enterprises from Asia to foster innovation and strengthen supply chain resilience.

H.H. Sheikh Saud stated, "RAK continues to strengthen its position as a hub for advanced industries and innovation. This partnership reflects our commitment to creating a dynamic business ecosystem that attracts global investment, generates employment opportunities for our people, and contributes to the sustainable growth of the wider UAE economy." The consortium plans to transform over 300,000 sqm of land into an industrial park attracting enterprises in electric vehicles, renewable energy, and advanced materials.

Suchad Chiaranussati of SC Capital Partners remarked on the GRID fund's launch as a key milestone in their expansion strategy. He noted that the UAE offers compelling opportunities for long-term value creation supported by a visionary national agenda and evolving industrial ecosystems.

Regional Connectivity and Growth

Andrew Lim from CLI highlighted their co-sponsorship of GRID as evidence of their agility in capturing timely opportunities as the GCC region becomes crucial in global supply chains. Sarah Hu from THi emphasized the UAE's strategic position at global trade crossroads as ideal for launching future manufacturing projects.

The fund has already identified development opportunities in Abu Dhabi and Dubai. These zones will anchor its long-term growth strategy aligning with national ambitions for economic diversification and global connectivity. The project aims to create an innovation-driven ecosystem positioning Ras Al Khaimah as a vital link between Asia and the GCC region.

This initiative underscores the UAE's role as a regional leader in industrial transformation while contributing to sustainable economic growth across various sectors.

With inputs from WAM