Arada Launches Arada Capital, Targeting $5 Billion in Assets - Business Today Middle East
Global master developerAradahas unveiledArada Capital, a new funds management platform designed to develop and manage institutional-grade real estate investment opportunities across the Middle East and select. . .
Global master developerAradahas unveiledArada Capital, a new funds management platform designed to develop and manage institutional-grade real estate investment opportunities across the Middle East and select international markets. Headquartered inAbu Dhabi Global Market (ADGM), Arada Capital has secured In-Principle Approval from ADGM’sFinancial Services Regulatory Authority (FSRA)and is working towards obtaining its final licence to operate as a fund manager. Once fully licensed, the platform will provide institutional and qualified investors with access to Arada’s development pipeline and broader GCC real estate opportunities, with a target of managing US$5 billion in assets within four years. Arada Capital will be chaired byHRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, and governed by an independent board. The platform is intended to offer investors a structured gateway into real estate and infrastructure investments across the GCC. HRH Prince Khaled bin Alwaleed bin Talalsaid the launch of Arada Capital will give institutional investors access to the company’s real estate expertise, development platform and investment opportunities through a professionally managed and independently governed structure. Moustafa Fahour OAM, Chief Executive Officer and Managing Director of Arada CapitalThe company has appointedMoustafa Fahour OAM as Chief Executive Officer and Managing Director of Arada Capital. Fahour brings more than two decades of experience spanning banking, infrastructure investment, asset management and public-private partnerships. Throughout his career, he has held senior positions at UBS, Citigroup, Macquarie Group and CIMIC Group, and most recently served as Chief Operating Officer of Plenary Middle East, where he led major social infrastructure public-private partnership projects across the UAE while continuing to advise the company in a strategic role. A board member of ALEC Holdings PJSC, recipient of the Medal of the Order of Australia (OAM), and founder of the Islamic Museum of Australia, Fahour will lead the establishment and growth of Arada Capital. The platform will initially focus on GCC real estate before expanding into infrastructure and other private market investment opportunities. Fahour said the new platform will enhance regional investment opportunities while attracting institutional capital across real estate, infrastructure and alternative asset classes. Arada Capital will debut with investment opportunities linked to Arada’s existing developments and strategic partnerships, with plans to expand across the UAE, Saudi Arabia and other regional markets. Further details regarding its funds and investment strategy will be announced in due course. Founded in 2017, Arada has launched 11 developments across the UAE and has since expanded into the UK and Australia. The company currently has a development pipeline valued at AED130 billion, comprising approximately 55,000 units across its three operating markets.