SC Capital Partners, a leader in real estate investment management in the Asia-Pacific region, has announced the commencement of construction on a premium industrial park in Ras Al Khaimah. This initiative marks a significant step in the company’s expansion plans into the Gulf Cooperation Council (GCC) countries. The project represents the first endeavor of SC’s Industrial Real Estate Development Fund within the GCC and is the first industrial development fund initiated by SC Capital Partners in the area, in collaboration with Capitaland Investment Limited.
Sushad Chiaranosati, Chairman and Founder of SC Capital Partners, stated, “The launch of this project is a tangible demonstration of our ability to turn strategy into actual execution in the GCC. Our focus is on creating an institutional-grade industrial platform that can expand across the UAE and Saudi Arabia, backed by local partnerships and global capital.”
The industrial complex will cover an area of 300,000 square meters in the Ras Al Khaimah Economic Zone (RAKEZ) and boasts a ceiling height of 11 meters with floor load capacities of up to 5 tons per square meter. The development will incorporate sustainability measures, including water conservation systems, alongside other facilities that adhere to environmental, social, and governance (ESG) standards.
The project is being developed in partnership with THI Holdings for Project Management, SC Capital Partners’ industrial partner, which will oversee development, asset management, and operations. Construction is expected to be carried out in phases, aligning with tenant requirements.
Yazan Al Masri has been appointed as the General Manager of Investments for SC Capital Partners in the Middle East, strengthening the company’s commitment to enhancing its operational capabilities in the region over the long term.