Gargash Prime and JINGDONG Property to develop major logistics facility in Dubai
A landmark joint venture between UAE-based Gargash Prime and the infrastructure investment arm of JD.com will establish a substantial regional distribution and fulfilment hub across 2.5 million square feet of Dubai land, reinforcing the Emirates' position as a global trade and logistics centre.
Gargash Prime and JINGDONG Property, the infrastructure investment and asset management division of JD.com, Inc., have formalised a partnership through a memorandum of understanding to develop a significant logistics facility across 2.5 million square feet of land in Dubai. The joint venture initiative envisions the creation of a regional distribution and fulfilment hub designed to serve local and regional supply chain requirements throughout the Middle East.
The agreement was executed during the Dubai Business Forum – China in Shenzhen, an event organised by Dubai Chambers, in the presence of Mohammad Ali Rashed Lootah, President and Chief Executive Officer of Dubai Chambers. The partnership demonstrates the deepening commercial engagement between enterprises based in the UAE and China, underscoring the significance of direct institutional collaboration in fostering cross-border investment and commercial relationships.
This venture represents a strategic component of Gargash Prime’s broader vision to establish large-scale real estate and logistics infrastructure throughout the UAE through alliances with globally recognised industry leaders. The initiative aligns with the nation’s aspiration to strengthen its standing as a preeminent global trade and logistics destination, whilst supporting the economic diversification objectives outlined in the Dubai Economic Agenda D33.
Shehab Gargash, Founder of Gargash Prime, emphasised the significance of the collaboration, noting that the partnership will facilitate the development of infrastructure that reinforces the UAE’s logistics and trade capabilities whilst contributing to the nation’s forthcoming economic expansion. Walid Hizaoui, Chief Strategy Officer of Gargash Prime, characterised the facility as representing the scale and strategic partnership necessary to establish a substantial regional logistics presence.
Carl Chen, Chief Executive Officer of JINGDONG Property, described the partnership as a crucial milestone in the company’s long-term expansion within the UAE. Feng Guo, Chief Executive Officer of JD.com Middle East, highlighted the UAE’s strategic importance as a gateway connecting major global markets, emphasising the emirate’s exceptional connectivity, infrastructure quality and business-friendly environment.
JINGDONG Property currently manages more than 300 infrastructure assets worldwide, encompassing over 28 million square metres of gross floor area and representing over $16 billion in assets under management. The company specialises in the development and management of premium green logistics parks, business parks and data centres serving sectors including e-commerce, third-party logistics, manufacturing and retail.
The partnership announcement reinforces Dubai’s established role as a premier platform for international collaboration, investment and commerce, whilst further strengthening the commercial relationship between the UAE and China through sustained institutional engagement and partnership development.
Source: WAM