A cross regional industrial cooperation between China and Arab countries landed at the Shenzhen Business Forum. JD.com and GargashPrime from the United Arab Emirates have finalized the Dubai logistics project, relying on the joint venture model to create a fulfillment distribution center for the entire Middle East market, helping regional trade circulation and diversified industrial development.

Signing and finalizing cooperation

JD.com and GargashPrime have signed a memorandum of understanding to develop approximately 250000 square meters of logistics facilities in Dubai through a joint venture, equivalent to 2.5 million square feet. The project is positioned to serve the supply chain needs of the United Arab Emirates and the Middle East region. The memorandum was signed during the Dubai Business Forum China held by the Dubai Chamber of Commerce in Shenzhen, and this cooperation reflects the continued strengthening of business ties between China and Arab countries. Keywords: JD Production and Development, Dubai Logistics Hub

Dual empowerment market

As the infrastructure investment and asset management platform of JD Group, JD.com manages over 300 infrastructure assets worldwide, with a total construction area of over 28 million square meters and an asset management scale of over 16 billion US dollars, focusing on the development and operation of high standard green logistics parks. GargashPrime will expand its logistics asset portfolio through the project, aligning with the UAE's economic diversification and Dubai's D33 economic agenda goals. Both parties will integrate their technological capabilities and local resources to build a regional logistics hub.Editor/Min Jing