UAE - Mubasher: Blackstone, the world’s largest alternative asset manager, and Abu Dhabi's Lunate, which manages over $110 billion, joined forces to invest in logistics assets across the GCC.

The partnership will form Gulf Logistics Infrastructure Development Enterprise (GLIDE), according to the Emirates News Agency (WAM).

GLIDE will serve as a platform to develop, acquire, and manage Grade A logistics facilities across the region.

Additional strategic partners are expected to join GLIDE, which will have dedicated teams across key markets.

GLIDE targets $5 billion in high-quality warehouse assets, focusing on greenfield projects, selective acquisitions, and sale-and-leaseback deals.

The initiative responds to growing GCC logistics demand driven by economic growth, e-commerce, and manufacturing, amid a shortage of modern grade A facilities.

Jon Gray, President and COO at Blackstone, said: “The profound economic transformation underway in the GCC, driven by pro-growth policies, favourable demographic shifts and broad-based economic diversification, is creating powerful momentum for sectors like logistics.”

“We are thrilled to partner with Lunate to combine our investment expertise and deep logistics experience with their strong GCC presence and capabilities to build GLIDE, a pan-regional logistics platform at scale,” the COO highlighted.

Khalifa Al Suwaidi, Managing Partner at Lunate, commented: “GLIDE will offer our clients and investors access to compelling investments in high-quality logistics assets and support the development of new infrastructure to drive growth across the GCC.”

He added: “This partnership combines global scale with regional expertise to unlock a market ready for transformation.”