ProLogis, Arcapita in Gulf warehousing venture
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ProLogis, Arcapita in Gulf warehousing venture

ProLogis, Arcapita in Gulf warehousing venture

ProLogis, the world's largest industrial real estate investment trust, and Bahrain-based Islamic investment bank Arcapita Bank are joining forces to develop warehouses in the Gulf, reported Bloomberg. The new venture, ProLogis Middle East, will build and buy $1bn-worth of logistics and warehousing space in countries including Saudi Arabia, Kuwait and Qatar.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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