Prologis opens Dubai office for logistics, supply chain growth

Prologis has announced the opening of its new regional office in Dubai targeting growth in logistics, real estate, energy and data centres in the region, disclosed Hamid R. Moghadam, Co-founder, Chairman and CEO, Prologis. Backed by a US$102 billion market cap and a US$ 205 billion asset portfolio, Prologis aims to drive co-investments across. With 1.3 billion square feet under management globally, Prologis plans to leverage its proprietary supply chain data and long-term investment model to deepen ties with regional sovereign wealth funds and investors. The move signals a push into the Middle East’s evolving logistics landscape. “We are excited to put down deeper roots in the Middle East. The region aligns with our focus on strategic relationships in our Strategic Capital business,” he added.