07:46 AM EDT, 10/06/2025 (MT Newswires) -- Blackstone (BX) and Lunate said Monday they have formed a partnership to establish a platform that will invest $5 billion in warehouse assets across the Gulf Cooperation Council region.

The Gulf Logistics Infrastructure Development Enterprise platform will focus mainly on greenfield developments, complemented by selective portfolio acquisitions and sale-leaseback deals.

The companies said they expect additional strategic partners in the GCC to also participate in the platform.