Saudi Arabia Taps Jingdong Property to Help Develop Industrial and Logistics Assets
JD.com, 11/26/25
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that the Saudi Authority for Industrial Cities and Technology Zones (MODON) and Jingdong Property, JD.com's infrastructure investment and management platform, have reached an agreement to develop industrial and logistics assets across Saudi Arabia. MODON and Jingdong Property signed a Memorandum of Understanding (MoU) at the UNIDO General Conference (UNIDO GC21) in Riyadh to partner in developing and operating 2 mln square meters of industrial and logistics projects across MODON's industrial cities. The new partnership is an important step in JD.com's investment in the Kingdom of Saudi Arabia as the company builds out its businesses in the region.
The signing ceremony was attended by H.E. Mr. Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, Eng. Majed Rafed Al-Argoubi, CEO of MODON, and Mr. GUO Feng, General Manager of JD.com Middle East, underscoring the strategic importance of the collaboration.
Jingdong Property will bring its expertise in developing, operating, and managing industrial and logistics assets, as well as attracting institutional capital for large-scale real estate programs.
Jingdong Property and MODON will focus on developing and managing logistics and industrial assets across key locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam. The partnership supports Saudi Arabia's global competitiveness by achieving targets outlined in the National Industrial Strategy and Saudi Vision 2030. These targets include raising the sector's GDP contribution, enhancing local content, boosting exports, and increasing private-sector participation in infrastructure and superstructure development projects.
The first pilot will land in Jeddah Industrial City with an area exceeding 40,000 sqm, and will be followed by additional developments in the Riyadh region. Marking Jingdong Property's first Greenfield Project in Saudi Arabia, the Jeddah project will be developed into modern Grade-A speculative warehousing facilities certified with BREEAM Excellence, delivering sustainable spaces through smart automation and built-to-suit (BTS) solutions. It is designed to meet the rising demand for high quality, efficient storage and logistics space in the Western Region, especially in the industries of FMCG, e-commerce, automotive, food and pharmaceuticals.
Jingdong Property and MODON both emphasized that this strategic partnership marks an important step in strengthening the Kingdom's industrial and logistics ecosystem and reinforcing Saudi Arabia's position as a global hub.
Keywords: e-commerce Internet Middle East Saudi Arabia logistics Guo Feng JD.com JD 9618.HK JD Property overseas
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