Brookfield Expands in Middle East with Dubai Logistics Acquisition

Canadian investment giant Brookfield Asset Management has taken a significant step into the Middle Eastern logistics sector by acquiring a controlling stake in Dubai-based Gulf Islamic Investments' (GII) logistics real estate platform.The deal,whose financial details were not disclosed,marks Brookfield's first foray into logistics in the region.

Brookfield,with over $900 billion in assets under management globally,has already invested heavily in the Middle East,owning and operating over $5 billion worth of commercial real estate,including Dubai's iconic ICD Brookfield Place.GII,a Sharia-compliant alternative investment firm managing over $4.5 billion in assets,boasts a diversified portfolio across various sectors,including healthcare,education,and logistics real estate,in which they've been actively involved since 2018.

This acquisition grants Brookfield control over GII's existing portfolio of 1.5 million square feet of high-quality warehouses in the UAE.The Canadian firm intends to leverage its global expertise and financial resources to grow this platform further through strategic acquisitions and development of new logistics facilities.

The move by Brookfield reflects the growing confidence of international investors in the potential of the Middle Eastern logistics market.The region's strategic location,coupled with rising e-commerce activity and expanding consumer demand,is driving a surge in demand for modern logistics infrastructure.Businesses are increasingly seeking high-quality warehouses that can accommodate the efficient movement and storage of goods.

Analysts believe that Brookfield's entry into the market will further intensify competition and accelerate the development of Grade A logistics facilities across the region.The company's experience in managing large-scale real estate projects will be a valuable asset,contributing to the overall growth and modernization of the logistics sector.

For GII,the partnership with Brookfield presents an opportunity to unlock further growth potential within their logistics portfolio.By combining their regional experience with Brookfield's global network and resources,GII can expand its footprint and participate in the development of new logistics facilities across the Gulf Cooperation Council (GCC).

This deal is expected to have a positive ripple effect on the entire Middle Eastern logistics industry.Increased investment in infrastructure will not only benefit businesses by providing them with better facilities but will also create new job opportunities and contribute to the overall economic development of the region.

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