ProLogis and Arcapita form venture to provide modernized logistics facilities in GCC (BH)

ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, and Arcapita, a global investment company headquartered in Bahrain, announced today that they have entered into a 50/50 joint venture agreement to create ProLogis Middle East, which will develop and acquire a $1 billion (approx.

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