SC Capital Partners, a Singapore-based real estate investment firm, has launched the SC GCC Real Estate Industrial Development Fund (GRID), its first co-sponsored industrial development fund in the UAE.
Co-sponsored with CapitaLand Investment Limited (CLI), which holds a 40 percent stake in SC Capital, the Fund’s flagship project will be developed in Ras Al Khaimah Economic Zone (RAKEZ) under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah.
Covering 300,000 sqm, the industrial park is expected to create 1,800 jobs, attract 50+ tenants, and serve as a hub for high-tech and smart manufacturing industries such as electric vehicles, renewable energy, and advanced materials.
The consortium — SC Capital, CLI, and industrial partner THi Holding Management Corporation — will combine global investment expertise with local development capabilities. The initiative aims to strengthen supply chain resilience, drive innovation, and reinforce the UAE’s position as a regional leader in advanced industries.
The Fund also plans to expand into Abu Dhabi and Dubai, supporting the UAE’s strategy for economic diversification, Industry 4.0, and global connectivity. – WAM
