Arada has announced the creation of Arada Capital, a funds management platform targeting institutional and qualified investors seeking exposure to GCC real estate and infrastructure.
The platform will be based in the Abu Dhabi Global Market and has received in-principle approval from the ADGM’s Financial Services Regulatory Authority, with final licensing still pending.
Once licensed, Arada Capital’s funds will give investors direct access to Arada’s project pipeline and broader regional opportunities. The platform has set a target of US$5 billion in assets under management within four years of establishment.
“Arada has spent nearly a decade building one of the most complete and vertically integrated real estate platforms in the world, and Arada Capital now allows institutional investors to be part of that story directly, gaining access to deal flow, expertise and governance that would be difficult to replicate elsewhere,” Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada and Chairman of Arada Capital said in a statement.
Arada has named Moustafa Fahour OAM as CEO and Managing Director of Arada Capital. Fahour brings more than two decades across banking, infrastructure investment, asset management and public-private partnerships, with prior senior roles at UBS, Citigroup, Macquarie Group and CIMIC Group.
Most recently he served as Chief Operating Officer of Plenary Middle East, where he oversaw the UAE’s first education social infrastructure PPP programme. He will continue to support Plenary Middle East in a strategic advisory capacity.
“Arada has built one of the region’s most respected and forward-thinking real estate platforms, underpinned by bold leadership, innovation, and a commitment to creating long-term value. Arada Capital presents a unique opportunity to build a differentiated investment platform from the region, for the region, while attracting institutional partnerships into high-quality opportunities across real estate, infrastructure, and alternative investments,” Moustafa Fahour OAM, CEO and Managing Director of Arada Capital added.
Arada was founded in 2017 and has since launched 11 projects in the UAE, with additional developments in the UK and Australia. Its pipeline across the three markets is valued at AED130 billion, covering approximately 55,000 units.
