JD Property Agrees with Gargash Prime on Logistics Project in UAE
China's JD Property signed a memorandum of understanding with Gargash Prime to establish a joint venture for a 2.5 million square foot logistics site in the UAE, without disclosing its value.
Chinese company JD Property signed a memorandum of understanding with UAE-based Gargash Prime to establish a joint venture to develop a 2.5 million square foot logistics site, approximately 232,250 square meters, in the UAE.
The two partners intend to establish a regional distribution and warehousing center at the site, according to the announcement. Neither party disclosed the investment value of the project.
This step comes as part of JD Property's expansion in the Middle East, following its acquisition of its first logistics asset in Dubai in 2025 and a warehouse development project in Abu Dhabi in the same year, according to the source.
The new site represents a step toward expanding distribution and warehousing operations in the UAE, at a time when several Asian companies are moving to bolster their logistics presence in the Gulf region.
What do these terms mean?
Memorandum of Understanding: A non-binding document outlining the parties' intentions to cooperate before signing a final agreement.
Joint Venture: A commercial entity established by two or more parties to share costs and profits.
Distribution and Warehousing Center: A large facility where goods are stored, orders are fulfilled, and then shipped to customers.
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