Blackstone and Abu Dhabi-based Lunate have formed a strategic partnership to invest $5bn in logistics assets across the Gulf Cooperation Council (GCC) region, underscoring the growing appeal of regional infrastructure and supply chain platforms to global private capital, according to a report by Reuters.
The new platform, named GLIDE, will focus on developing and acquiring high-quality warehouse and logistics assets, primarily targeting greenfield projects and sale-and-leaseback transactions with major regional corporates. The investment will span the GCC’s six member states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
GLIDE is expected to bring in additional strategic partners and will be supported by dedicated regional teams, according to the firms. The initiative follows a series of Blackstone investments in the Middle East, including its recent acquisition of a $525m minority stake in Dubai-based Property Finder, alongside Permira.
