Bahraini “Investcorp” plans to invest $1 bln in Saudi, Gulf real ‎estate sector ‎

The Bahraini company, “Investcorp”, which specializes in alternative investments, announced its intention to pump one billion dollars into the real estate sector in the Arab Gulf countries over the next five years.

This comes, according to the company’s website, on the heels of its first real estate acquisition in Saudi Arabia. It is a new, state of the art, 215,000 sq ft temperature controlled warehouse located in Dammam. It is the first real estate investment worth $100 million that the company is currently evaluating in the Kingdom of Saudi Arabia.

For his part, Hazem Bin Qasim, Co-Chief Executive Officer of Investcorp, said that the real estate market in Saudi Arabia is witnessing strong growth. The logistical and industrial sectors enjoy huge potential as main pillars of the Kingdom of Saudi Arabia’s Vision 2030 agenda to transform the Kingdom into a leading industrial power and a global logistics center.

Pointing out that Investcorp is a natural partner in this growth journey, and this acquisition enhances their global experience in investing in the logistics sector – especially in the United States, Europe and India. This is the first in a series of investments that the company plans to make in the near future – with the goal of investing $1 billion over the next five years.