Aldar Properties, a leading real estate developer, investor, and manager in the UAE has signed a strategic agreement with DP World to fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai.
This significant project marks a new partnership granting Aldar access to develop and lease assets within NIP, strategically located near Jebel Ali Port and Al Maktoum International Airport, and well-linked to major road networks including the E11 and E311.
NIP is a 21-square-kilometer zone located in Dubai’s industrial district, designed to support manufacturing and processing companies with a world-class ecosystem. It offers comprehensive multimodal sea, land, and air logistics solutions.
The construction of the new logistics park will begin in the fourth quarter of 2024, with the first tenants set to be welcomed in the fourth quarter of 2025.
Talal Al Dhiyebi Group CEO Aldar Properties
“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.”
According to the statement, “Catering to the high demand for warehousing facilities, the project will target third-party logistics (3PL), eCommerce, and retail tenants looking to expand or relocate. The Grade A and LEED-certified logistics park will sit on a 2.36 million sqft (220,000 sqm) plot and will comprise three modular buildings that can be modified to become single or multi-tenanted facilities, offering flexible unit sizes.”
Aldar will be responsible for the full development cycle of the logistics park, from concept and design to execution and management. The project represents a portion of the company’s recently announced $272 million (AED 1 billion) investment to expand its logistics real estate business in Abu Dhabi and Dubai, with plans for further investment as the business grows.
Abdulla Bin Damithan, CEO and Managing Director of DP World GCC, said that, “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,” Damithan added.
