Arcapita Group, the Bahrain-based alternative investment firm, has opened a Riyadh office after receiving a subsidiary licence from the Capital Market Authority of Saudi Arabia.
The Arcapita Capital Company will focus on private equity and real estate investments in the Kingdom.
One of the drivers for the expansion into Saudi Arabia is the National Industrial Development and Logistics Programme, which will see US$3.3 trillion deployed by 2030.
“The opening of an Arcapita office in Saudi Arabia is a significant milestone, allowing us to provide premium services to the growing Saudi market,” said Abdulaziz Hamad Aljomaih, chairman of the board at Arcapita.
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