RIYADH: Bahrain-based investment firm Arcapita Group Holdings is in the process of forming a $1.5 billion real estate investment fund, with most of its assets in Saudi Arabia.
CEO Atif Ahmed Abdulmalik made the disclosure in an interview published by Asharq Business.
“The Saudi market is very promising, and we have a real estate portfolio in the Kingdom that we started forming about a year and a half ago, with a value of more than $200 million, and we are currently working on buying additional real estate worth $500 million to maximize this portfolio,” he told Asharq Business.
“We also have a portfolio of about $300 million in the UAE, and our goal is to place all these portfolios under the umbrella of a real estate investment fund and to present it to investors on an international stock exchange,” he said.
Arcapita is also targeting the logistics sector in Saudi Arabia and the UAE, Al Arabiya reported.
Abdulmalik told the channel that the sector had become more attractive in the wake of the pandemic which has accelerated the growth of e-commerce worldwide.
The company plans to open an office in Riyadh while its focus in the Kingdom would be on warehousing and logistics, he said.
Abdulmalik also reiterated the appeal of the US market where it has long been an active investor.
“We have selected a number of promising prospective investments that are expected to contribute significantly to increasing the volume of our assets under management in the American market,” he said.
Arcapita, which has offices in Bahrain, Atlanta, London and Singapore, has over the past 24 years completed private equity deals in the US totaling more than $15 billion, according to the group’s website.
Abdulmalik said Arcapita would continue to target direct investment in both the US and in the Gulf states.
Bahrain’s Arcapita to launch $1.5bn property fund targeting Saudi Arabia and UAE, says CEO
https://arab.news/2h7gb
Bahrain’s Arcapita to launch $1.5bn property fund targeting Saudi Arabia and UAE, says CEO
- Plans to bring existing assets into fund and list on international exchange
- Arcapita also targeting logistics sector in Saudi Arabia and UAE
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King Abdulaziz Airport among world’s busiest after record-breaking 2025
RIYADH: King Abdulaziz International Airport has achieved a new historical milestone, reaching 53.4 million passengers in a single year.
This is the highest number ever recorded at a Saudi airport since the beginning of air travel in the Kingdom, placing it among the world’s mega airports in terms of passenger traffic, according to the Saudi Press Agency.
The airport handled a total of 310,000 flights and 60.4 million bags, representing a 12 percent increase compared to 2024. It also handled 9.57 million Zamzam water containers and 2,968 cargo flights.
This achievement reflects the airport’s qualitative transformation and its position as a regional hub and national gateway connecting the Kingdom to the world. It also highlights its role in facilitating the movement of visitors and pilgrims, promoting tourism in line with the goals of Vision 2030, diversifying the economy, and providing a distinguished travel experience.
For his part, CEO of Jeddah Airports Co. Mazen Johar, affirmed that reaching 53.4 million passengers confirms the airport’s high operational readiness and represents a pivotal milestone for moving to the next phase, in preparation for doubling this number, God willing, in the coming years.
He pointed out that this national achievement would not have been possible without the grace of God Almighty, followed by the directives of the wise leadership and the continuous follow-up from the minister of transport and logistics, the president of the General Authority of Civil Aviation, and the CEO of Airports Holding Co.
He explained that King Abdulaziz International Airport is strengthening its position as a major aviation hub in the region through expansions, increased capacity, and improved services, supporting the objectives of the aviation program and aligning with the goals of the Kingdom’s Vision 2030.
The CEO of Jeddah Airports Co. expressed his gratitude to the partners in success from various government and private sectors for their fruitful cooperation through a collaborative work system that contributed to providing the best services.
