Blackstone & Lunate Launch $5B Logistics Platform in GCC

Blackstone, the world’s largest alternative asset manager, has teamed up with Abu Dhabi-based Lunate, which manages over $110 billion in assets, to revolutionize the logistics sector in the Gulf Cooperation Council (GCC) region. The partnership aims to address the rising demand for modern, high-quality logistics facilities while tapping into a rapidly growing 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. With Blackstone already holding more than 1.2 billion square feet of logistics space worldwide, the firm brings unparalleled expertise in global supply chain infrastructure. Lunate contributes deep regional knowledge and an extensive network to support GLIDE’s expansion.

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GLIDE plans to target $5 billion in warehouse and logistics assets, primarily through greenfield developments, but also via selective portfolio acquisitions and sale-leaseback deals with prominent regional businesses. The platform is expected to attract additional strategic partners within the GCC to strengthen its reach and impact.

The GCC logistics sector is witnessing rapid growth fueled by economic expansion, e-commerce proliferation, and rising manufacturing activity. However, there is a notable shortage of modern, Grade A facilities, creating a gap that GLIDE seeks to fill. These facilities are designed to meet international standards, offering advanced operational efficiency and superior infrastructure.

By bridging this gap, GLIDE aims to support the broader economic diversification goals of GCC nations, providing infrastructure that enables businesses to scale efficiently and meet increasing consumer demand.

With dedicated teams across the region, GLIDE is poised to become a pan-GCC logistics leader, leveraging global experience and local insights to accelerate development and investment in the sector.