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September 08, 2008


ProLogis to develop new facility for Aramex in Dubai

Distribution facilities developer ProLogis has announced that it will develop its first distribution center in the Middle East and has signed an agreement to design and build a 798,000 square foot facility in Dubai for Aramex.

Aramex's new facility is being developed in Dubai Logistics City and the future Dubai World Central International Airport. Construction on the distribution center has already commenced and is scheduled for completion in the second half of 2008.

Dubai Logistics City is the first phase of a government backed, 140 square kilometer and master planned urban community called Dubai World Central. The USD 33 billion project, which is under construction 40 kilometers from the existing Dubai International Airport, will eventually comprise one of the world's largest, integrated multi modal logistics platforms, including Dubai Logistics City. When completed, Dubai Logistics City will operate as a global logistics hub serving the Middle East, India, Africa and the Common Wealth of Independent States.

Mr Jeff Schwartz chairman & CEO of ProLogis said that "We have been investigating business opportunities in this region for over a year and believe that this new transaction within DLC provides an excellent opportunity for ProLogis to begin its Middle Eastern operations. Dubai, which benefits from a centralized location and immediate access to major modes of transport, is quickly becoming a gateway to the Middle East, with DLC set to serve as one of the largest supply chain communities in the world. Having a presence in this rapidly growing global logistics hub will enable us to become part of this burgeoning economic environment, and we are confident continued infrastructure development will drive further demand for our modern distribution space."

ProLogis owns, manages and develops distribution facilities, with operations in 20 countries across North America, Europe and Asia. It has USD 34.4 billion of assets owned, managed and under development, comprising 483 million square feet in 2,669 properties. ProLogis' customers include manufacturers, retailers, transportation companies, third party logistics providers and other enterprises with large scale distribution needs. It employs more than 1,300 people worldwide.