Gargash Prime and JINGDONG Property Partner for 2.5 Million Sq Ft Logistics Facility in Dubai

Gargash Prime, a UAE-based developer, has entered into a joint venture with JINGDONG Property, the infrastructure investment and asset management arm of Chinese e-commerce giant JD.com, Inc. The agreement, signed during the Dubai Business Forum — China in Shenzhen, outlines the development of a 2.5 million square feet (approximately 250,000 sqm) plot of land in Dubai.

Project Vision and Scope

This ambitious project aims to create a state-of-the-art logistics facility in Dubai, envisioned as a pivotal regional distribution and fulfilment hub. It will support local and regional supply chain needs across the Middle East, enhancing the UAE's role in global trade.

Strategic Alignment

The partnership aligns with Gargash Prime’s strategy to develop large-scale real estate and logistics infrastructure through collaborations with global industry leaders. For the UAE, the initiative supports the nation's ambition to reinforce its position as a global trade and logistics hub and contributes to the broader objectives of economic diversification and the Dubai Economic Agenda, D33.

Impact on Trade and Logistics

According to Shehab Gargash, Founder of Gargash Prime, the joint venture will develop infrastructure crucial for strengthening the UAE's position in global logistics and trade. Carl Chen, CEO of JINGDONG Property, highlighted that the new facility will bolster regional capabilities and provide high-quality logistics infrastructure for both local and international customers. JINGDONG Property currently manages over 300 infrastructure assets globally, encompassing more than 28 million square meters of gross floor area and over $16 billion in assets under management.

The agreement also underscores the growing commercial ties between UAE and China-based businesses, fostering cross-border investment and partnerships, and reinforcing Dubai's role as a platform for international economic collaboration.