(Read more on the industrial market.)
DUBAI, INDIA-Continuing a trek into new territories, ProLogishas completed a major build-to-suit agreement that marks itsarrival in the Middle East. The developer, manager and owner ofindustrial real estate will construct an 800,000-sf distributionfacility for Aramex, a global powerhouse in the logisticssector.
Designed to provide the latest in efficiencies plus 21st centurylife safety and security systems, the ProLogis structure is beingconstructed in Dubai Logistics City, a master-planned complex a fewminutes from the Port of Jebel Ali, the world's seventh largestcargo hub. A new international airport is also on the drawingboards, notes ProLogis CEO Jeff Schwartz, who refers to Dubai as anemerging "gateway" to the Middle East thanks to its centralizedlocation and access to transportation.
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