Earlier this month, Brookfield Asset Management acquired a majority stake in GII’s logistics business, providing high-end, long-term clients with bespoke warehousing solutions in the UAE

Dubai (UAE):  Gulf Islamic Investments (GII) and Logipoint, a subsidiary of SISCO, have signed an agreement in Jeddah to create a joint venture for a logistics platform providing Grade A warehousing solutions across the Kingdom of Saudi Arabia in a deal worth over SAR 1 billion (approx. $300 million).

LogiPoint is a leading industrial and logistics real estate developer of Saudi Arabia, which invests, manages and operates bonded and non-bonded logistics parks and zones. The GII-Logipoint joint venture will create new logistic infrastructure in key Saudi cities, starting in Riyadh and Jeddah, providing warehousing and handling facilities as the backbone of a multi-asset logistical network serving companies across The Kingdom.

This partnership is the second logistics deal in quick succession for GII, a leading Shari’ah-compliant global alternative investment company with over US$4.5 billion of assets under management (AUM). Earlier this month, Brookfield Asset Management acquired a majority stake in GII’s logistics business providing high-end, long-term clients with bespoke warehousing solutions in the UAE.

GII’s logistics story began in December 2017 with the acquisition of a logistics fulfilment centre in Dortmund (Germany) with German logistics specialist GARBE Industrial, comprising one million square feet of space. The partnership subsequently sold the centre to an Asian investor in 2020, with an internal rate of return (IRR) of 18%. GII’s investment in GCC logistics assets has focused on acquiring, aggregating, repurposing and developing facilities for leading companies, including facilities in Dubai for Hellman, CEVA, Sinotrans, Noon and other clients, often involving local partners. 

Pankaj Gupta, GII’s co-founder and co-CEO, commented, “GII’s partnership with Logipoint extends GII’s logistic operations across Saudi Arabia to facilitate rapid expansion of the Kingdom’s infrastructure, supporting its booming economy. It is a natural progression for GII after our recent transaction in which Brookfield acquired a majority stake in GII’s logistics assets in the UAE”. Mohammed Alhassan, GII’s other co-founder and co-CEO, continued, “Our logistics joint-venture with Logipoint is the latest element of GII’s growth strategy within the Kingdom, which already includes a CMA banking licence for GII Saudi Arabia and the acquisition of Emad Bakeries in Jeddah within the last two months”.

Farooq Shaikh, CEO of LogiPoint, added, "This partnership with GII has opened up a new world of investment opportunities. We are committed to leveraging our expertise in developing logistics zones and parks to drive our expansion strategy. Our collaboration with GII reinforces our position as leaders in the logistics industry. LogiPoint is proud to be aligned with the Vision 2030 goals, playing a pivotal role in transforming the Kingdom of Saudi Arabia into a global logistics hub.”

About Gulf Islamic Investments

Gulf Islamic Investments Group (GII) is a leading Shari’ah-compliant global alternative investment company. With over $4.5 billion of assets under management, GII seeks to achieve superior, sustainable returns and long-term value for its investors and shareholders by investing in curated growth and income-generating opportunities.

GII believes in ‘innovation with a purpose’, and works to build the sustainability of the ecosystem in which it operates. Under the leadership of a committed management team, supported by prominent shareholders from the Arabian Gulf region, GII deploys private capital across diverse alternative asset classes, including real estate, private equity, and venture capital. GII’s client network includes UHNWIs, family offices, banks, institutions, and sovereign wealth funds in the GCC and Asia.

GII is headquartered in the United Arab Emirates. Its UAE entities are regulated by the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA).

Website: www.gii.ae  

Linkedin: https://www.linkedin.com/company/13460336/admin/

Instagram: gii.uae

Media Contact
Stephen Harrison, Head of Corporate Communications, GII   communications@gii.ae

About LogiPoint:

Established in 1999, LogiPoint began its journey as the Kingdom’s first bonded and re-export zone, located inside the Jeddah Islamic Port. The company defined its mission as bringing 21st century solutions to Saudi Arabia’s logistics landscape through relentless focus on innovation, agility, and customer satisfaction. In a few short years, the Bonded and Re-Export Zone had turned into an internationally recognized and multi-award-winning supply chain and logistics hub serving a wide range of industries including Oil and Gas, Automotive, FMCG, 3PL and Maritime, to name but a few.

LogiPoint has since evolved to become Saudi Arabia’s leading developer of logistics real estate including logistics parks and special economic zones. Development of this vital infrastructure aligns perfectly with the Saudi Arabia Vision 2030 goal of transforming the Kingdom into a leading international logistics hub serving global trade. Present day LogiPoint seeks to bring agility, efficiency, elasticity and resilience to global supply chains through developing innovative and state-of-the-art logistics real estate while adhering to ESG protocols.

LogiPoint is head-quartered in Jeddah, Saudi Arabia and is part of the SISCO Holding.     

Website: www.logipoint.sa  

Linkedin: LogiPoint | LinkedIn

Media Contact
Kamil Sheikh, Marketing & Communications Supervisor   kamil.sheikh@logipoint.sa