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Gargash Prime and JINGDONG Property Form Joint Venture for Dubai Logistics Facility

UAE-based Gargash Prime and JINGDONG Property, the infrastructure arm of China's JD.com, signed a joint venture memorandum of understanding to develop a 2.5 million square foot logistics facility in Dubai. Signed during the Dubai Business Forum – China in Shenzhen, the hub aims to support regional supply chain operations across the Middle East.

Published Source: Government of Dubai Media Office
Photo: Government of Dubai Media Office

UAE-based Gargash Prime and China's JINGDONG Property, the infrastructure arm of JD.com, have signed a joint venture memorandum of understanding (MoU) to develop a specialized logistics facility in Dubai. The agreement was executed on October 13 during the Dubai Business Forum – China held in Shenzhen.

Under the partnership, the companies plan to invest in developing a 2.5 million square foot (approximately 250,000 square meter) plot of land in Dubai. The planned facility is designed to function as a regional distribution and fulfillment hub catering to supply chain operations across the Middle East.

The signing ceremony was attended by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. According to the announcement, the project aligns with the economic diversification objectives set out under the Dubai Economic Agenda D33.

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