Dubai: GFH Bank (GFH or ‘the Bank’) has signed a strategic Memorandum of Understanding (MoU) with OCTO Management Consultancies (OCTO) as part of its participation in the 2026 Saint Petersburg International Economic Forum (SPIEF). The agreement is intended to facilitate the development of a $300 million logistics and industrial real estate platform in the United Arab Emirates and the Kingdom of Saudi Arabia.
The partnership is designed to leverage the robust development fundamentals underpinning the logistics and industrial sectors in the GCC, fueled by the rapid expansion of e-commerce, supply chain localization, manufacturing growth, and significant infrastructure investments in both markets.
GFH will serve as the platform’s investment manager and development collaborator in accordance with the agreement. The platform will focus exclusively on logistics and industrial development opportunities in the UAE and Saudi Arabia, including cold storage facilities, distribution centers, multi-let industrial assets, and large-format warehousing.
The strategy will primarily focus on development-stage assets designed to capture rising occupier demand and deliver appealing long-term value-creation opportunities. These assets will be a balanced mix of speculative developments and build-to-suit developments.
In response to the event, Luay Ahmadi, Managing Director – Global Head of Institutions at GFH, expressed her enthusiasm for the opportunity to collaborate with OCTO on this strategic platform. Ahmadi believes that this partnership will further solidify GFH’s status as a premier regional developer and manager of high-quality industrial and logistics assets.
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