JINGDONG Property, the infrastructure and asset management arm of Chinese e-commerce company JD.com, has signed a memorandum of understanding with UAE-based Gargash Prime to establish a joint venture. Under the agreement, the two entities plan to invest in and develop approximately 250,000 square metres (2.5 million square feet) of modern logistics facilities in Dubai.
The development is designed to operate as a regional distribution and fulfillment hub to support supply chain requirements across the UAE and the wider Middle East. The signing ceremony took place in Shenzhen on the sidelines of the Dubai Business Forum – China, hosted by the Dubai Chamber of Commerce.
According to the report, the project supports Dubai's Economic Agenda D33, which aims to strengthen the emirate's position as a global logistics gateway. The joint venture combines JD.com's development and logistics technology with Gargash Prime's regional presence.
JD.com's infrastructure platform manages more than 300 assets globally, covering a total construction area exceeding 28 million square metres with an asset management scale surpassing 16 billion US dollars.
Sources
- Seetao · 2026-10-18
