SC Capital Partners, CapitaLand Investment Launch $1B GCC Fund in RAK

Singapore / United Arab Emirates – September 29, 2025: SC Capital Partners, a leading Singapore-based real estate investment management firm, has announced the launch of the SC GCC Real Estate Industrial Development Fund (GRID), its first co-sponsored industrial development fund in the UAE. The Fund is co-sponsored by CapitaLand Investment Limited (CLI), a global real asset manager holding a 40% stake in SC Capital Partners.

This landmark initiative will debut with a flagship industrial project in Ras Al Khaimah, expected to create 1,800 jobs, attract more than 50 tenants, and cover 300,000 sqm of land, positioning the Emirate as a hub for advanced industries and innovation.

Consortium Partnership and RAKEZ Agreement

SC Capital Partners will collaborate with THi Holding Management Corporation (THi), which will serve as development manager, asset manager, and operator. Together, the three partners will form a consortium combining global investment expertise with strong local execution capabilities.

The Fund’s first project will be developed in the Ras Al Khaimah Economic Zone (RAKEZ). On April 28, 2025, under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, the consortium signed an investment framework agreement with RAKEZ.

This milestone agreement reinforces the UAE’s ambition to strengthen its industrial and logistics sectors, which are experiencing rapid growth driven by rising purchasing power, expanding e-commerce, and Industry 4.0 initiatives. By attracting high-tech and smart manufacturing enterprises, particularly from Asia, the project aims to foster innovation, enhance supply chain resilience, and reinforce the UAE’s leadership in industrial transformation.

Leadership Remarks

His Highness Sheikh Saud bin Saqr Al Qasimi commented:

“RAK continues to strengthen its position as a hub for advanced industries and innovation. This partnership reflects our commitment to creating a dynamic business ecosystem that attracts global investment, generates employment opportunities for our people, and contributes to the sustainable growth of the wider UAE economy.”

Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, said:

“The launch of our inaugural GRID fund marks a significant milestone in our expansion strategy. The UAE presents compelling opportunities for long-term value creation, underpinned by a visionary national agenda and rapidly evolving industrial ecosystems. By combining our institutional expertise with THi’s proven development and executional capabilities, we aim to deliver strong value to our investors and build a high-quality industrial portfolio.” Andrew Lim, Group Chief Operating Officer of CLI, added:

“CLI’s co-sponsorship of GRID demonstrates our agility in co-creating funds that capture timely opportunities, as the GCC region becomes an increasingly important logistics node in the global supply chain. With the combined strengths of CLI, SC Capital Partners, and THi across fund management, asset development, asset management, and tenant networks, we are well-positioned to connect capital partners with high-quality investment opportunities across geographies. We look forward to working with SC Capital Partners and THi to support the GCC’s industrial transformation.”

Sarah Hu, Co-Founder of THi, stated:

“The UAE stands at the crossroads of global trade, making it an ideal launchpad for the future of manufacturing and supply chains. Through this landmark project, we are investing in world-class industrial infrastructure and creating a resilient, innovation-driven ecosystem that positions Ras Al Khaimah as a vital link between Asia and the GCC region.”

Future Growth and Pipeline

The consortium will transform over 300,000 sqm of land in Ras Al Khaimah into a next-generation industrial park, attracting tenants in electric vehicles, renewable energy, and advanced materials. The park will act as a catalyst for innovation and a hub for resilient, future-focused industries that reinforce the UAE’s role in global supply chains.

Beyond Ras Al Khaimah, the Fund has already built a strong pipeline of development opportunities in Abu Dhabi and Dubai. These anchor markets will be critical to GRID’s long-term growth strategy and align with the UAE’s broader ambitions for economic diversification, advanced manufacturing, and global connectivity.

With the UAE as its launchpad, the GRID fund represents a pioneering model of cross-border collaboration, uniting global investment expertise with regional industrial potential to accelerate the transformation of the GCC’s economic landscape.