In a significant move underscoring its strategic expansion into the Gulf Cooperation Council (GCC), SC Capital Partners Pte. Ltd has officially commenced construction on a premier industrial park in Ras Al Khaimah (RAK). This landmark development, managed through the SC GCC Real Estate Industrial Development Fund (GRID) co-sponsored with CapitaLand Investment Limited, represents the firm’s inaugural industrial project in the region.
The state-of-the-art facility, spanning approximately 300,000 square meters within the Ras Al Khaimah Economic Zone (RAKEZ), will feature Grade A specifications including 11-meter ceiling heights and 5 t/sqm floor loading capacity. Designed to meet growing demand from high-tech manufacturers and logistics companies, the park incorporates advanced sustainability measures and ESG-compliant facilities, with tenant interest already surpassing initial capacity projections.
Concurrently, SC Capital Partners has strengthened its regional leadership by appointing Yazan Masri as Managing Director of Investments for the Middle East. Based in Abu Dhabi, Masri brings over twenty years of real estate private equity experience, having previously held senior positions at Abu Dhabi Capital Group, Al Mal Capital PSC, and Al Futtaim Group Real Estate. His appointment signals the firm’s commitment to expanding its on-the-ground execution capabilities across key GCC markets.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, emphasized the project’s significance: “This groundbreaking demonstrates our ability to convert strategy into execution in the GCC. We’re building an institutional-grade industrial platform scalable across the UAE and Saudi Arabia.”
The development is being executed in partnership with THi Holding Management Corporation, which will serve as development manager, asset manager, and operator. Construction will proceed in phases aligned with tenant requirements, supporting regional economic diversification initiatives including manufacturing localization and e-commerce growth.