Tuesday, 02 January 2024 12:17 GMT

Aldar Properties, DP World work together on major logistics project in Dubai


(MENAFN) Aldar Properties Group (Aldar) announced a significant strategic partnership on Monday with DP World to finance and develop a state-of-the-art logistics facilities complex spanning 1.55 million square feet within Dubai's National Industries Park in Jebel Ali. This collaboration aims to leverage Aldar's expertise in real estate development alongside DP World's logistical prowess to establish a premier logistics hub.

Located strategically near Jebel Ali Port and Al Maktoum International Airport, with direct access to major road networks like E11 and E311, the National Industries Park is an ideal location for such a development. Construction of the new logistics complex is scheduled to commence in the fourth quarter of 2024, with completion expected by the fourth quarter of 2025, enabling tenants to occupy the facilities soon after.

Targeting the increasing demand for advanced warehousing and storage solutions, the project is designed to cater to third-party logistics (3PL) providers, e-commerce entities, and retailers seeking to expand or relocate within the region. The complex, which is LEED-certified, encompasses a total land area of 2.36 million square feet and features three buildings consisting of prefabricated units. These units can be customized to offer flexible logistics facilities suitable for single or multiple tenants, ensuring versatility in accommodating varying operational needs.

Aldar will oversee all phases of the project, from initial concept and design through to execution and management, ensuring that the development meets high standards of sustainability and operational efficiency. This collaboration marks a significant milestone in enhancing Dubai's logistical infrastructure, supporting economic growth, and meeting the evolving needs of businesses in the region. 

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