In a major move reshaping the region’s industrial real estate landscape, Blackstone and Abu Dhabi–based investment firm Lunate have announced a strategic partnership to invest up to $5 billion in logistics infrastructure across the Gulf Cooperation Council (GCC). The newly launched platform, GLIDE (Gulf Logistics Infrastructure Development Enterprise), will focus on developing and acquiring Grade-A warehouses, fulfillment centers, and supply-chain assets across key regional markets.
According to the announcement, Blackstone will leverage its global logistics portfolio—spanning over 1.2 billion square feet—while Lunate will contribute regional expertise and capital deployment capabilities. The partnership aims to bridge the gap in institutional-grade logistics facilities driven by the region’s rapid e-commerce growth, industrial diversification, and Vision 2030-aligned development programs.
Blackstone President and COO Jon Gray said the collaboration is “perfectly timed,” as GCC economies continue expanding beyond oil, while Lunate’s Managing Partner Khalifa Al Suwaidi called the partnership a “transformational step” for the region’s logistics sector.
The venture underscores growing global investor confidence in the Gulf’s long-term infrastructure story—positioning logistics as a key growth pillar alongside manufacturing, technology, and renewable energy.
Blackstone expands Middle East footprint with Lunate logistics alliance