GFH Partners acquires $150mln logistics portfolio in Saudi Arabia, UAE

GFH Partners announced on Saturday that it has completed the acquisition of a $150 million diversified and multifaceted logistics and industrial portfolio in the Kingdom of Saudi Arabia and includes assets in the United Arab Emirates as well.

The company seeks to invest in strategic logistics zones such as Saudi Arabia, which its logistics based on the growth of KSA’s non-oil sector GDP which is expected to grow by 5.9 percent in 2023 and more than four percent in 2023.

The group aims to rapidly expand its GCC logistics real estate platform to $250 million over the next 12-18 months, building on growth from favourable demographics, positive momentum in capital markets, its CEO Nael Mustafa, said.