Aldar Properties and DP world have signed a strategic agreement where Aldar will fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park 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 2.36 million sqft (220,000 sqm) plot and will comprise three modular buildings that can be modified to become single or multi tenanted facilities, offering flexible unit sizes. Aldar will be responsible for the full development cycle of the logistics park, from concept and design to execution and management. The project represents a portion of the company's recently announced AED 1 billion investment to expand its logistics real estate business in Abu Dhabi and Dubai, with plans for further investment as the business grows.