The Singapore-based investment management firm, SC Capital Partners, has introduced the “SC Industrial Real Estate Development Fund in the GCC – GRID,” marking the first industrial fund of its kind launched in the United Arab Emirates.
Capitaland Investment Limited (CLI), a global asset management company that holds a 40% stake in SC Capital Partners, will co-sponsor this pioneering fund aimed at facilitating the transformation of Ras Al Khaimah. This unique industrial project is projected to create 1,800 jobs, attract over 50 tenants, and cover an area of 300,000 square meters.
SC Capital Partners will collaborate closely with its industrial partner, THI Holdings, which will handle development management and asset operations.
The trio of partners will form a coalition that combines global investment expertise and real estate capabilities to ensure the long-term success of the fund.
The first project under the fund is set to be developed within the Ras Al Khaimah Economic Zone, under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, member of the Supreme Council and Ruler of Ras Al Khaimah.
This initiative comes at a time when the industrial and logistics sectors in the UAE are experiencing significant growth, driven by increased purchasing power, the expansion of e-commerce, and government initiatives related to the Fourth Industrial Revolution.
By attracting companies specializing in high-tech manufacturing and smart production, particularly from Asia, the project will contribute to fostering innovation, strengthening supply chain resilience, and cementing the UAE’s role as a regional leader in industrial transformation.
His Highness Sheikh Saud bin Saqr Al Qasimi stated, “Ras Al Khaimah continues to enhance its position as a hub for advanced industries and innovation. This partnership demonstrates our commitment to establishing a dynamic business ecosystem that attracts global investments, creates job opportunities for our people, and contributes to sustainable economic growth across the UAE.”
In alignment with this vision, the coalition aims to transform over 300,000 square meters of land in Ras Al Khaimah into an advanced industrial zone that attracts companies focused on high-tech manufacturing and smart production from across Asia.
The industrial area is expected to host tenants in sectors such as electric vehicles, renewable energy, and advanced materials, thereby becoming a catalyst for innovation and a center for resilient future industries that enhance the UAE’s role in global supply chains.
According to Sushad Chiaranosati, Chairman and Founder of SC Capital Partners, “The launch of our first industrial real estate development fund in the GCC marks a pivotal step in our expansion strategy.” He noted that the UAE offers exceptional opportunities for achieving long-term value, backed by an ambitious national agenda and rapidly evolving industrial frameworks.
Andrew Lim, Chief Operating Officer of Capitaland Investment, commented that Capitaland’s co-sponsorship of this fund reflects its agility in seizing opportunities promptly.
Meanwhile, Sarah Hu, co-founder of THI Holdings, stated that the UAE occupies a unique position in global trade, making it an ideal launchpad for the future of manufacturing and supply chains.
She added, “Through this project, we are investing in world-class industrial infrastructure and establishing an innovative and resilient economic ecosystem that positions Ras Al Khaimah as a critical link between Asia and the Gulf region. With the UAE chosen as the starting point for operations, the fund has begun to devise strategic plans for developing projects in both Abu Dhabi and Dubai.”
She indicated that working with these key industrial and economic zones is central to the fund’s long-term growth strategy, aligning with the UAE’s national ambitions for economic diversification, advanced manufacturing, and enhanced global connectivity.