The project will target third-party logistics (3PL), eCommerce and retail tenants
Aldar Properties and DP World have signed a strategic agreement where Aldar will fund and develop a 1.55mn sqft (144,000sqm) Grade A logistics park at 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.
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 2.36mn sqft (220,000sqm) plot and will comprise three modular buildings that can be modified to become single or multi tenanted facilities, offering flexible unit sizes.
Leveraging expertise
“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,” commented Talal Al Dhiyebi, Group Chief Executive Officer, Aldar Properties.
“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,” remarked Abdulla Bin Damithan, CEO & Managing Director, DP World GCC.
Construction of the new logistics park will begin in Q4-2024, with the first tenants set to be welcomed in Q4-2025.
