SC Capital Partners Breaks Ground on Major Industrial Park in Ras Al Khaimah
SC Capital Partners Pte. Ltd., a leading Asia Pacific real estate investment manager, has broken ground on a landmark Grade A industrial park in Ras Al Khaimah (RAK), marking a key milestone in its expansion across the Gulf Cooperation Council (GCC) region.
The project is the first development under the SC GCC Real Estate Industrial Development Fund (GRID) — SC Capital Partners’ inaugural industrial fund in the GCC — co-sponsored with CapitaLand Investment Limited.
Landmark Industrial Development in RAK
Located within the Ras Al Khaimah Economic Zone (RAKEZ), the approximately 300,000 sqm industrial park is designed to meet international standards for high-performance industrial facilities. It will feature 11-meter ceiling heights, 5 tons per sqm floor loading, and advanced sustainability measures, including water-saving systems and integrated ESG infrastructure.
The new industrial park is aimed at serving high-tech manufacturers, logistics providers, and advanced production firms seeking modern, institutional-grade facilities in the UAE. According to the company, tenant interest has already exceeded the available gross floor area, underscoring the strong demand for high-quality industrial assets in Ras Al Khaimah.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, said:
“Breaking ground on this project is a tangible demonstration of our ability to convert strategy into execution in the GCC. We are focused on building an institutional-grade industrial platform that can scale across the UAE and Saudi Arabia, supported by local partnerships and global capital.”
The project will be developed in partnership with THi Holding Management Corporation, which will act as development manager, asset manager, and operator. Construction will proceed in phases, with delivery timelines aligned to tenant requirements.
Strengthening Regional Leadership
Coinciding with the groundbreaking, SC Capital Partners announced the appointment of Yazan Masri as Managing Director, Investments (Middle East). Based in Abu Dhabi, Masri will oversee investment origination, execution, and strategic partnerships, as well as lead the firm’s regional growth strategy.
Masri brings over 20 years of experience in real estate private equity and principal investing across the Middle East. His previous roles include Head of Real Estate at Abu Dhabi Capital Group, and senior positions at Al Mal Capital PSC, Al Futtaim Group Real Estate, and Al Rajhi Holding.
“I am pleased to join SC Capital Partners as it breaks ground on its first GCC industrial park,” said Masri. “The firm has a strong track record in institutional real estate, and I look forward to driving its growth across the region amid rising demand for modern industrial assets.”
Building a Scalable GCC Platform
SC Capital Partners is expanding its Middle East presence by leveraging its two-decade track record across opportunistic, value-add, and core-plus real estate strategies in Asia Pacific.
The GRID Fund focuses on developing institutional-grade industrial assets in the UAE and Saudi Arabia — markets benefiting from manufacturing localisation, trade diversification, and e-commerce expansion.
With this development, SC Capital Partners aims to build a scalable, sustainable industrial platform that supports regional economic diversification and attracts long-term institutional capital into the GCC’s growing logistics and manufacturing sectors.
