King & Spalding with Arcapita on partnership with ASMO
King & Spalding advised Arcapita on a forward-funding investment and partnership with ASMO, a joint venture between Aramco and DHL Supply Chain. Stemming from the collaboration, a large-scale (1.4 million square meter) logistics and warehousing facility at King Salman Energy Park (SPARK) in Saudi Arabia.
Under the terms of the partnership, Arcapita will fund development and retain ownership of the facility, while ASMO will develop, lease, and operate the asset under a 22-year occupational lease. The facility will serve as ASMO’s central logistics hub in Saudi Arabia.
The King & Spalding team
Real estate partner Malek Al Rifai (pictured) and senior associate Alex Barker led the King & Spalding team advising Arcapita , with support from senior associate Nick Impey and associate Husni Al Far.
