SC Capital Partners Group said on Sep, 30 2025 that it has set up the SC GCC Real Estate Industrial Development Fund (GRID), a vehicle aimed at developing and operating modern industrial and logistics facilities in Saudi Arabia.
The fund is co-sponsored by CapitaLand Investment Limited, which holds a 40 per cent stake in SC Capital Partners. THi Holding Management Corporation will act as development manager, asset manager and operator.
GRID will start with projects in Saudi Arabia’s Eastern Province, Greater Riyadh and Jeddah, and intends to expand to other Gulf Cooperation Council markets. The partners plan to build a diversified portfolio of income-generating industrial assets that support the Kingdom’s Vision 2030 programmes, including the National Transport and Logistics Strategy and the National Industrial Development and Logistics Program.
SC Capital Partners manages 9 billion US dollars in assets, while CapitaLand Investment oversaw 117 billion Singapore dollars of funds under management as at Aug, 13 2025. THi jointly manages more than 1.2 million square metres of industrial real estate with 1 billion US dollars in assets under management.