SC Capital Launches UAE Industrial Development Fund GRID

Singapore-based real estate investment firm SC Capital Partners has announced the launch of its first co-sponsored industrial development fund in the UAE, the SC GCC Real Estate Industrial Development Fund (GRID). The fund marks a significant step in supporting Ras Al Khaimah’s industrial transformation.

Co-Sponsorship and Strategic Partnerships

The fund will be co-sponsored by CapitaLand Investment Limited (CLI), which holds a 40 percent stake in SC Capital Partners. THi Holding Management Corporation (THi) will act as the development manager, asset manager, and operator. Together, the consortium combines global investment expertise with local real estate capabilities to ensure the fund’s long-term success.

Landmark Project in Ras Al Khaimah

Under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, the fund’s first flagship project will be developed in the Ras Al Khaimah Economic Zone (RAKEZ). The industrial project is expected to create 1,800 jobs, attract over 50 tenants, and cover 300,000 square meters of land, supporting the emirate’s economic diversification goals.

Boosting Industrial Growth and Innovation

The project aims to attract high-tech and smart manufacturing enterprises, particularly from Asia, enhancing innovation, supply chain resilience, and the UAE’s position as a regional leader in industrial transformation. This aligns with government-led Industry 4.0 initiatives and rising demand from expanding e-commerce and growing purchasing power.

Comments from UAE Leadership

H.H. Sheikh Saud 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, and supports sustainable economic growth.”

Creating a Future-Focused Industrial Park

The consortium plans to transform over 300,000 sqm of land into a next-generation industrial park. Tenants are expected from sectors such as electric vehicles, renewable energy, and advanced materials, making the park a catalyst for innovation and resilient industrial development.

Industry Leaders Highlight Strategic Vision

Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, said, “The launch of our GRID fund marks a milestone in our expansion strategy. The UAE presents compelling opportunities for long-term value creation.”
Andrew Lim, Group COO of CLI, added, “Our co-sponsorship demonstrates agility in capturing opportunities as the GCC becomes a key logistics node.”
Sarah Hu, co-founder of THi, stated, “Through this project, we are creating a resilient, innovation-driven ecosystem that positions Ras Al Khaimah as a vital link between Asia and the GCC.”

Following the Ras Al Khaimah project, the fund has already built a strong pipeline of development opportunities in Abu Dhabi and Dubai. These industrial zones will serve as anchor markets for the fund’s long-term growth, supporting the UAE’s vision for economic diversification, advanced manufacturing, and global trade connectivity.

The GRID fund demonstrates a strategic investment in industrial infrastructure that combines innovation, job creation, and global connectivity. By attracting international tenants and fostering technology-driven industries, the fund contributes to the UAE’s broader goals of sustainable economic growth and competitiveness in the global industrial sector.

SC Capital Partners’ launch of the GRID fund in the UAE marks a major milestone in industrial development. Through global partnerships, innovative planning, and strategic investment in Ras Al Khaimah, Abu Dhabi, and Dubai, the initiative aims to create jobs, attract high-tech industries, and strengthen the UAE’s role in global supply chains.