SC Capital Launches UAE GRID Fund to Boost Industrial Growth

SC Capital Partners, a Singapore-based real estate investment firm, has unveiled its first co-sponsored industrial development fund in the UAE, the SC GCC Real Estate Industrial Development Fund (GRID). Co-sponsored by CapitaLand Investment Limited, which holds a 40% stake in SC Capital, the fund aims to transform Ras Al Khaimah’s industrial landscape.

The landmark project will cover 300,000 sqm and is expected to attract over 50 tenants, create 1,800 jobs, and position the UAE as a hub for advanced manufacturing and smart industries. The initiative will be developed under the Ras Al Khaimah Economic Zone (RAKEZ), combining SC Capital’s investment expertise, CLI’s global real estate insights, and THi Holding Management Corporation’s local development and operational know-how.

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The fund is designed to tap into the UAE’s rapidly expanding industrial and logistics sectors, driven by rising e-commerce demand, government-led Industry 4.0 initiatives, and growing international trade. Targeting high-tech sectors such as electric vehicles, renewable energy, and advanced materials, the industrial park aims to foster innovation, strengthen supply chains, and attract global enterprises, particularly from Asia.

With plans extending beyond Ras Al Khaimah, GRID is already eyeing opportunities in Abu Dhabi and Dubai, aligning with the UAE’s broader strategy for economic diversification and advanced manufacturing growth. The project reflects a long-term vision to develop resilient, future-focused industrial ecosystems that reinforce the UAE’s role in global trade.

The launch of GRID marks a pivotal step in regional industrial investment, combining global expertise with local capabilities to drive sustainable economic growth and innovation-led transformation across the UAE.