Gulf Islamic Investment Company announced that it has acquired a portfolio of logistical assets from warehouses located in Jebel Ali and the Dubai Investment Park, at a value of 250 million dirhams.
According to Al Bayan, the portfolio includes general and specialized stores, leased to leading global and regional logistical companies with strong and long-term lease agreements and agreements.
Mohammed Al-Hassan, founding partner of GII and chief executive officer of the Gulf region, said: “The company continues to increase and diversify our local investment portfolio in the UAE by entering the rapidly growing logistics sector, It is expected that the logistics sector will continue to grow at a rapid pace, due to the tremendous growth in demand for e-commerce.
He added: Our logistical assets in Dubai enjoy long-term leases and an average return on invested capital of 10% annually, which provides our investors with an attractive opportunity in the market. Promising.
Pankaj Gupta, the founding partner and CEO of Emirates Markets in the company, said it is a very appropriate investment for our strategy to provide high cash returns for our investors.
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