DP World and Aldar Properties have signed an agreement the latter will fund and develop a 1.55 million sq.ft., (144,000 sq. mt.,) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai. This project signifies a new partnership that will provide Aldar access to develop and lease assets within NIP, which is positioned near Jebel Ali Port and Al Maktoum International Airport and linked to road networks such as the E11 and E311. Catering to the high demand for warehousing facilities, the project will target 3PL, e-commerce and retail tenants to expand or relocate. The Grade A and LEED certified logistics park will sit on a 2.36 million sq.ft., (220,000 sq.mt.,) plot and 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 development cycle of the logistics park, right from concept and design to execution and management.
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