Blackstone and Lunate, the Abu Dhabi–based global investment management firm have announced a $5 billion strategic partnership to invest in logistics assets across the Gulf Cooperation Council (GCC). The two firms will establish a new platform — Gulf Logistics Infrastructure Development Enterprise (GLIDE) — dedicated to developing, acquiring, and managing high-quality logistics infrastructure across the region. 

GLIDE will focus primarily on greenfield warehouse development, complemented by selective portfolio acquisitions and sale-and-leaseback transactions with leading regional businesses. The initiative aims to meet surging demand for modern logistics capacity as the Gulf economies accelerate diversification away from hydrocarbons and expand their trade, e-commerce, and manufacturing bases.   

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

Blackstone will bring its scale and operational expertise, while Lunate contributes deep regional networks and on-the-ground investment capabilities. The partnership expects additional strategic investors from within the GCC to join GLIDE, which will have dedicated local teams to oversee its expansion and operations. 

“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,” added Khalifa Al Suwaidi, Managing Partner at Lunate. “This partnership combines global scale with regional expertise to unlock a market ready for transformation.”