Aldar Joins Forces With DP World For New Logistics Park In Dubai

Aldar Properties and DP World have entered into a strategic partnership to develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. This collaboration will enable Aldar to develop and lease assets within NIP, which is strategically located near Jebel Ali Port and Al Maktoum International Airport, and connected to major road networks like the E11 and E311.

The logistics park's location within NIP offers excellent access to key transport hubs. It is positioned near Jebel Ali Port and Al Maktoum International Airport, providing seamless connectivity to major road networks such as the E11 and E311. This strategic positioning is expected to attract significant interest from third-party logistics (3PL), eCommerce, and retail tenants looking to expand or relocate.

Construction of the new logistics park will commence in Q4 2024, with the first tenants expected to move in by Q4 2025. The project aims to meet the high demand for warehousing facilities in the region.

The Grade A logistics park will be built on a 2.36 million sqft (220,000 sqm) plot and will feature three modular buildings. These buildings can be adapted for single or multi-tenanted use, offering flexible unit sizes. The park will also be LEED certified, ensuring it meets high environmental standards.

Aldar will oversee the entire development process of the logistics park, from concept and design to execution and management. This project is part of Aldar’s AED1 billion investment plan to expand its logistics real estate business in Abu Dhabi and Dubai.

Leadership Insights

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar Properties, highlighted the significance of the site's location within NIP. He stated, "The location of the site within NIP 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 and Managing Director of DP World GCC, emphasized the importance of this development for businesses operating out of NIP. He said, "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."

This initiative represents a significant step towards enhancing logistics infrastructure in Dubai. By providing state-of-the-art facilities tailored for diverse tenant needs, Aldar aims to support business growth within NIP.

With inputs from WAM