Post by : Rameen Ariff

Blackstone, the world’s largest alternative asset manager, has partnered with Abu Dhabi-based Lunate, which manages over $110 billion in assets, to transform the logistics sector in the Gulf Cooperation Council (GCC) region. The collaboration aims to meet the growing demand for modern, high-quality logistics facilities while leveraging opportunities in a rapidly expanding market.

The joint venture, named Gulf Logistics Infrastructure Development Enterprise (GLIDE), will focus on the development, acquisition, and management of Grade A logistics assets across GCC countries. Blackstone brings its global expertise, managing over 1.2 billion square feet of logistics space worldwide, while Lunate contributes strong regional knowledge and an extensive network to support GLIDE’s strategic expansion.

GLIDE has set an ambitious target of $5 billion in warehouse and logistics assets, primarily through greenfield developments, selective portfolio acquisitions, and sale-leaseback agreements with prominent regional businesses. The venture also plans to attract additional strategic partners within the GCC to strengthen its presence and impact.

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The logistics sector in the GCC is experiencing rapid growth due to economic expansion, the rise of e-commerce, and increased manufacturing activity. Despite this growth, there is a shortage of modern Grade A facilities. GLIDE intends to fill this gap by providing world-class infrastructure that meets international standards, offering superior operational efficiency, and advanced facilities for businesses.

By addressing this shortage, GLIDE supports the broader economic diversification goals of GCC nations, enabling companies to scale efficiently and meet increasing consumer demand. The venture is positioned to become a leading pan-GCC logistics platform, combining Blackstone’s global experience with Lunate’s local expertise to accelerate development, investment, and operational excellence in the logistics sector.

With dedicated teams stationed across the region, GLIDE is set to redefine logistics infrastructure in the GCC, creating a modern, efficient, and high-standard network of facilities that caters to the needs of international and regional businesses alike.

The partnership underscores the growing importance of logistics in supporting trade, e-commerce, and regional economic development, while showcasing how international expertise combined with local knowledge can drive sustainable growth in infrastructure sectors.

This collaboration marks a major step forward for the GCC logistics market, providing a scalable, high-quality, and technologically advanced solution to meet the increasing demands of businesses and consumers in the region.

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