SC Capital Partners, a Singapore-based real estate investment firm, has partnered with CapitaLand Investment Limited (CLI) to launch the SC GCC Real Estate Industrial Development Fund (GRID) in the UAE. This inaugural fund aims to transform Ras Al Khaimah with a flagship industrial project that will create 1,800 jobs, host over 50 tenants, and cover 300,000 sqm of land.
The project, located in the Ras Al Khaimah Economic Zone, is supported by His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah. The initiative aligns with the UAE’s growth in industrial and logistics sectors, driven by e-commerce and Industry 4.0 initiatives. The development will attract high-tech and smart manufacturing enterprises, particularly from Asia, enhancing supply chain resilience and innovation.
SC Capital Partners will collaborate with THi Holding Management Corporation, which will manage and operate the project. Suchad Chiaranussati, Chairman of SC Capital Partners, stated, “The launch of our inaugural GRID fund marks a significant milestone in our expansion strategy.”
Andrew Lim, Group Chief Operating Officer of CLI, added, “CLI’s co-sponsorship of GRID demonstrates our agility in co-creating funds that capture timely opportunities.”
The fund has also identified development opportunities in Abu Dhabi and Dubai, aligning with the UAE’s ambitions for economic diversification and global connectivity.
