Aldar and DP World signed a cooperation agreement

According to Amac News: Aldar Properties said that under this agreement, it will invest and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park in the National Industrial Park (NIP) in Jebel Ali, Dubai.
The partnership gives Aldar access to develop and lease assets in NIP, which is strategically located near Jebel Ali Port and Al Maktoum International Airport, and is well connected to major road networks such as the E11 and E311.
Construction of the new logistics park will begin in the fourth quarter of 2024 and the first tenants will be welcomed in the fourth quarter of 2025.
Due to high demand for warehousing facilities, the project will target third-party logistics (3PL), e-commerce and retail tenants looking to expand or relocate.
The Grade A and LEED-certified Logistics Park sits on a 2.36 million square foot (220,000 m2) site and consists of three modular buildings that can be converted into single or multi-tenant facilities, offering flexible unit sizes.
Aldar will be responsible for the full development cycle of the logistics park from concept and design to implementation and management. This project represents part of the company's AED 1 billion investment to expand its real estate logistics business in Abu Dhabi and Dubai.