Arada launches Arada Capital, targets $5 billion in assets

ABU DHABI, United Arab Emirates — Global master developer Arada launched Arada Capital on Monday, a new fund management platform based in Abu Dhabi Global Market. The platform will develop institutional-grade real estate investments across the Middle East, the company said in a statement carried by the UAE's state-run WAM news agency.

What is Arada Capital?

Arada Capital is a funds management platform that will give institutional and qualified investors access to Arada's development pipeline. It has received In-Principle Approval from the Abu Dhabi Global Market's Financial Services Regulatory Authority. The platform is seeking final regulatory approval to operate as a licensed fund manager.

How much money is Arada Capital targeting?

Arada Capital is targeting $5 billion in assets under management within four years of its establishment. Once licensed, it will provide access to real estate opportunities across the Gulf Cooperation Council. The platform will initially draw on Arada's existing projects and strategic partnerships.

Who will lead Arada Capital?

Arada Capital will be chaired by Prince Khaled bin Alwaleed bin Talal, executive vice chairman of Arada, and overseen by an independent board. Prince Khaled said the platform will give institutional investors access to Arada's real estate expertise through a professionally governed structure. Arada has appointed Moustafa Fahour OAM as chief executive officer and managing director of Arada Capital.

What is Moustafa Fahour's background?

Fahour has more than 20 years of experience in banking, infrastructure investment, asset management and public-private partnerships. He has held senior positions at UBS, Citigroup, Macquarie Group and CIMIC Group. Most recently, he served as chief operating officer of Plenary Middle East, where he led major social infrastructure partnership projects in the UAE.

Fahour also serves on the board of ALEC Holdings PJSC. He received the Medal of the Order of Australia and founded the Islamic Museum of Australia. He will oversee the establishment and expansion of Arada Capital, starting with GCC real estate before moving into infrastructure and other private market investments.

What are Arada Capital's expansion plans?

Fahour said the platform will strengthen regional investment opportunities while attracting institutional partnerships across real estate, infrastructure and alternative investments. Arada Capital will launch with investment opportunities tied to Arada's existing projects. The company plans to expand across the United Arab Emirates, Saudi Arabia and other regional markets, with further details on its funds strategy expected later.

What is Arada's development pipeline?

Established in 2017, Arada has launched 11 projects in the United Arab Emirates and expanded into the United Kingdom and Australia. The company has a development pipeline valued at 130 billion UAE dirhams. That pipeline comprises about 55,000 units across the three markets.