GFH Partners Ltd. (GFHP), a Dubai-based institutional fund manager, has acquired a fully leased, high-specification logistics facility in Riyadh’s industrial district for approximately SAR 200 million, furthering its regional investment strategy.
The deal, completed through one of its advised real estate funds, marks GFHP’s fourth logistics asset in Saudi Arabia and the 34th property in its wider regional portfolio. The acquisition boosts the company’s total logistics and industrial assets under management in the GCC to around SAR 1.5 billion, while its broader global portfolio now exceeds SAR 26 billion.
The newly acquired facility covers over 40,000 square metres of operational space, featuring 12-metre clear heights and multiple truck docking bays. Its strategic location near Riyadh’s Eastern and Southern Ring Roads provides direct connectivity to key transport routes.
Mohamed Ali, Head of GCC at GFH Partners, commented on the acquisition, stating, “The industrial and logistics sector continues to grow on the back of regional diversification efforts and infrastructure expansion. Our strategy is to build scale through partnerships and disciplined execution, aligning with institutional investors seeking exposure in this sector.”
This move is consistent with the significant growth seen across Saudi Arabia’s real estate market, which is attracting substantial regional investment. GFHP’s platform currently supports more than 120 tenants across Saudi Arabia and the UAE, with existing holdings in key industrial zones like JAFZA, Dubai South, Dammam, and Riyadh.
Launched in 2023, GFHP’s GCC platform manages three funds dedicated to logistics and industrial assets. The firm plans further acquisitions and build-to-suit developments, reflecting a broader trend of strategic expansion across Saudi Arabia by international firms.
