Prologis Inc., a key player in logistics real estate, has launched a new office at Dubai International Financial Center (DIFC), marking a key milestone in its Middle East expansion strategy.
The new Dubai office will enable private capital investors in the Middle East region to unlock opportunities across various areas such as logistics real estate, energy and data centers.
As part of this expansion, Umair Naqvi has been selected as head of the Middle East region. Naqvi has over 25-year experience in structuring joint ventures and capital platforms.
The Middle East head, together with the team, will focus on the company’s institutional capital and global investment management business to enhance ties with sovereign wealth funds, family offices and long-term capital partners across the Gulf. In addition, the team will explore development opportunities in the region.
Hamid R. Moghadam Co-founder, Chairman and CEO – Prologis
“We’re excited to put down deeper roots in the Middle East. The region aligns perfectly with our focus on strategic relationships in our Strategic Capital business. Its deep capital base and global connectivity make it an ideal place for long-term investment, and we’re here to be a long-term partner.”
Prologis, backed by a global portfolio of 1.3 billion square feet in 20 countries, will pursue co-investments aligned with the region’s evolving priorities and demand for high-quality, future-focused development. With a market cap of $102 billion, the company manages $205 billion of assets.
The company also has a significant amount of proprietary data about the global supply chain and specific key regional markets that it is able to share with partner investors.
“The Middle East is home to some of the world’s most sophisticated investors and forward-looking capital. Our priority is to build lasting relationships based on trust, transparency and shared ambition – and to connect that capital with high-quality private investment opportunities,” added Naqvi.
The new office will serve as the regional base for Prologis’ Middle East operations and complement the company’s global footprint spanning North and South America, Europe and Asia.
This launch follows Prologis’ recent expansion into India and highlights its commitment to long-term value creation through scale, local expertise and integrated capabilities across logistics real estate, data centers, energy and sustainability.
