A deal has been reached between Dubai’s DP World and UAE master developer Aldar Properties to finance and construct a 1.55 million square foot (144,000 square meter) Grade A logistics park at the National Industries Park (NIP) in Jebel Ali, Dubai.
“This landmark project signifies a new partnership that will provide Aldar access to develop and lease assets within NIP, which is strategically positioned near Jebel Ali Port and Al Maktoum International Airport and well-connected to major road networks such as the E11 and E311,” Aldar said in a statement issued Monday.
In order to meet the increasing demand for warehousing facilities, the project will focus on third-party logistics (3PL), eCommerce, and retail tenants wishing to expand or relocate. The first tenants of the new logistics park are expected to move in by Q4 2025, with construction scheduled to start in Q4 2024.
Situated on a plot of 2.36 million square feet (220,000 square meters), the Grade A and LEED-certified logistics park will consist of three modular buildings that can be reconfigured to accommodate single or multiple tenants, providing adaptable unit sizes.
Aldar declared that it would oversee every stage of the logistics park’s development, from planning and design through implementation and administration. “The project represents a portion of the company’s recently announced Dh1 billion investment to expand its logistics real estate business in Abu Dhabi and Dubai, with plans for further investment as the business grows,” the statement explained.
Talal Al Dhiyebi, Group CEO of Aldar Properties, said, “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.”
Al Dhiyebi said, “The site’s location 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.”
NIP is a 21 square kilometer area that is located in the center of Dubai’s business area. It provides a manufacturing and processing industry-friendly ecosystem, including multimodal land, sea, and air logistics solutions.
Abdulla Bin Damithan, CEO and Managing Director of 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.”
More than 330 businesses operate their facilities out of NIP, said Damithan. “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,” he added.
