Alternative asset manager Blackstone has announced a strategic partnership with investment management firm Lunate for investment in logistics assets across the GCC (Gulf Cooperation Council) region, as per an official press release. The collaboration is expected to help Blackstone target $5 billion worth of assets.
The two companies will be establishing an entity called GLIDE, a platform that will acquire, manage, and develop Grade A logistics assets.
“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 Blackstone’s Chief Operating Officer Jon Gray.
Blackstone manages $1.2 trillion worth of assets and will be capitalizing on the growing demand for logistics in the region.
According to Mordor Intelligence, the freight and logistics market size in the GCC region has reached a total of $81.34 billion in 2025 and is forecast to touch $109.91 billion by 2030.
The Vision 2030 infrastructure corridors, e-commerce boom, shift of manufacturing near established ports, etc, have been identified as drivers of future growth for the sectors, positively impacting CAGR (Cumulative Annual Growth Rate).
Source: Google Finance
Blackstone shares closed at $168.45 on Friday. The NYSE is yet to open.
“We are proud to join forces with Blackstone—the world’s largest logistics assets owner—to launch GLIDE, a unique platform designed to capitalize on opportunities in the GCC logistics market,” Lunate’s Managing Partner Khalid Al Suwaidi.