Page 10 - KAEC PR REPORT - FEBRUARY 2025

Press Release

King Abdullah Economic City signs strategic partnership

with Arcapita to Develop Industrial Facilities

KSA, 19 February 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.

Eng. Majid Abdullah Matbouly, Chief Industrial Valley & KAEC Special Economic Zone
Officer, said: “This MoU is a significant step in KAEC’s mission to develop a leading industrial

and economic powerhouse. With Arcapita’s proven expertise in global and regional asset
management, we are confident this partnership will elevate the Industrial Valley’s service
offerings, competitiveness, and global appeal.”

The partnership will provide KAEC access to Arcapita’s global network of blue-chip tenants,
attracting high-quality investors. Additionally, the development will include ESG-compliant
warehousing projects ensuring environmental sustainability and operational efficiency. It will also
enable participation in a growing portfolio of flagship assets that offer attractive risk-adjusted
returns.

In addition to infrastructure development, the MoU outlines key promotional and operational roles

for KAEC and Arcapita. As a strategic partner, KAEC will coordinate involvement in KAEC-
related activities and conferences. This agreement is expected to generate substantial economic