ProLogis and Arcapita Form Venture to Provide Modernized Logistics Facilities in the GCC
ProLogis released on 8 April that they entered into a 50/50 joint venture agreement to create ProLogis Middle
East with Arcapita, an Islamic investment bank based in Bahrain. The Joint-Venture will develop and acquire a USD 1 bn portfolio of advanced
logistics warehouse space in the Gulf Cooperation Council (GCC) region.
Jeff Schwartz is chairman and chief executive officer of ProLogis.
Atif Abdulmalik is chief executive officer of Arcapita. "
Joseph Ghazal is senior vice president and head of
ProLogis Middle East. "
Companies:
http://www.prologis.com
http://www.arcapita.com
Source: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/0...
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