Asia Pacific real estate investment manager SC Capital Partners has started construction of a Grade A industrial park in Ras Al Khaimah (RAK), UAE.
The project marks the inaugural development of the SC GCC Real Estate Industrial Development Fund (GRID), SC Capital Partners’ first fund in the Gulf Cooperation Council (GCC), co-sponsored with CapitaLand Investment.
Located within Ras Al Khaimah Economic Zone (RAKEZ), the c.300,000m2 (3.2 million ft2) industrial park will feature 11-metre clear ceiling heights and floor loading of 5 tonnes per m2. The development will also integrate sustainability initiatives, including water-saving systems and other ESG-aligned features.
SC Capital Partners said tenant interest has already surpassed the project’s planned gross floor area, underscoring strong demand for institutional-quality industrial assets in RAK.
“Breaking ground on this project is a tangible demonstration of our ability to convert strategy into execution in the GCC,” said Suchad Chiaranussati, chairman and founder of SC Capital Partners. “We are focused on building an institutional-grade industrial platform that can scale across the UAE and Saudi Arabia, supported by local partnerships and global capital”
The groundbreaking coincided with the appointment of Yazan Masri as managing director, investments (Middle East), reinforcing the firm’s long-term commitment to the region and strengthening its local execution capabilities.
“I am pleased to join SC Capital Partners as it breaks ground on its first GCC industrial park,” said Masri. “The firm has established a strong track record in delivering institutional-quality real estate, and I look forward to driving its growth across the region, capitalising on robust demand for state-of-the-art industrial assets.
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