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2/24/25, 2:41 PM King Abdullah Economic City signs strategic partnership - Middle East News 247

King Abdullah Economic City signs strategic

partnership

By News Desk 1 19/02/2025

King Abdullah Economic City (KAEC) and Arcapita, the global alternative investment firm, announced that

they have signed a Memorandum of Understanding (MoU) at a ceremony held in Bahrain. This strategic
collaboration will focus on developing state-of-the-art warehousing facilities, promoting the Industrial Valley’s
growth, enhancing operational capabilities within KAEC and the Kingdom, fostering innovation, and attracting

foreign investment.

Under the terms of the MoU, Arcapita will leverage its expertise in creating high-quality built-to-suit industrial

real estate facilities and oversee the development of warehouses tailored to meet the requirements of
potential tenants, further contributing to the region’s industrial and logistical growth.

The MoU was signed by Eng. Majid Abdullah Matbouly, Chief Officer of the Industrial Valley & KAEC Special
Economic Zone, and Isa Al Khalifa, Director of MENA Real Estate at Arcapita. This partnership reflects a

shared commitment to building world-class industrial infrastructure and driving sustainable development in
the Kingdom of Saudi Arabia.

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