Aldar, DP World to develop UAE logistics park

Aldar Properties, a prominent real estate developer, investor, and manager in the UAE, and DP World have entered into an agreement whereby Aldar will finance and develop a 1.55 million sq ft (144,000 sq m) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai

This significant project marks a new partnership granting Aldar the opportunity to develop and lease assets within NIP, strategically located near Jebel Ali Port and Al Maktoum International Airport, with excellent connectivity to major road networks like the E11 and E311.

Targeting high demand for warehousing facilities, the project will cater to third-party logistics (3PL), eCommerce, and retail tenants seeking expansion or relocation. The Grade A and LEED certified logistics park will occupy a 2.36 million sq ft (220,000 sq m) plot and consist of three modular buildings adaptable for single or multi-tenant occupancy, offering flexible unit sizes.

Aldar will manage the entire development cycle of the logistics park, encompassing concept design, execution, and management. This initiative forms part of Aldar’s recently announced AED 1 billion investment to expand its logistics real estate portfolio in Abu Dhabi and Dubai, with further investment plans as the business grows.

Talal Al Dhiyebi, group CEO, Aldar Properties, commented, “This strategic agreement with DP World further bolsters our presence within the logistics real estate sector and aligns with our broader expansion plans in Dubai. The location of the site within National Industries Park is significant, strategically positioning us in a logistics hotspot with excellent access to the port and the main highway to Dubai and Abu Dhabi. Leveraging our expertise in both development and asset management, this unique project will play an integral role in the continued growth and diversification of our logistics offering.”

Abdulla Bin Damithan, CEO & managing director, DP World GCC, said, “Our collaboration with Aldar will expand the logistics capabilities at NIP, strengthening our position as a critical distribution hub for some of the biggest manufacturers and businesses in the FMCG segment. With more than 330 businesses operating their facilities out of NIP, the development of this logistics park will ensure that the right infrastructure and services are in place to meet the growing demands of our customers. This partnership underscores our dedication to delivering cutting-edge facilities and supply-chain solutions with our partners.”