GFH Partners buys $150mln Saudi, UAE logistics assets - ZAWYA

DIFC-based subsidiary GFH Partners of GFH Financial Group has acquired a diversified and multifaceted logistics and industrial portfolio worth $150m in Saudi Arabia and the UAE. The portfolio includes stable income-generating assets and development opportunities situated in strategic logistics zones and industrial areas in Riyadh and Dubai. The acquisition is driven by the growth of both Saudi Arabia and the UAE's non-oil sectors and the expansion of the GCC logistics sector. GFH Partners plans to expand its GCC logistics real estate platform to $250m over the next 12-18 months.

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