Americold Realty Trust, Inc, the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, announced a strategic investment into RSA Cold Chain in Dubai.
At close, Americold’s investment is $3.9 million for the Company’s 49 per cent share of RSA Cold Chain equity. This alliance aims to provide a scalable, investable operating platform for market entry and expansion in the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai that began operations in 2017 and is a subsidiary of the parent company RSA Global. Americold will take a minority ownership position in RSA Cold Chain with immediate plans to expand locally, connect RSA to its global network, and pursue strategic development opportunities in the Middle East and surrounding markets.
Abhishek Shah, RSA Cold Chain’s Co-Founder & CEO, stated, “We are absolutely thrilled to partner with Americold, a global player that can connect the world’s food production markets to our region with a seamless service at origin and destination. We are excited to create a regional brand across our markets that our customers can trust.”