JD*com’s infrastructure arm, JINGDONG Property, has signed a Memorandum of Understanding with Saudi Arabia’s MODON to jointly develop and operate two million square meters of industrial and logistics assets across the Kingdom. The agreement, signed at the UNIDO GC21 conference in Riyadh, marks JD*com's largest industrial real estate commitment in Saudi Arabia to date.

The first project will begin in Jeddah Industrial City, where JINGDONG Property will build more than 40,000 square meters of Grade-A warehousing certified to BREEAM Excellence standards, including smart automation and built-to-suit options. Additional developments will follow in Riyadh and Dammam.

The partnership aims to support Saudi Vision 2030 goals by expanding industrial capacity, enhancing local content, improving exports, and increasing private-sector participation in infrastructure. MODON, which oversees 39 industrial cities, will provide land and regulatory facilitation, while JINGDONG Property brings its expertise in developing and managing large-scale logistics and industrial assets.

JD*com emphasized that the agreement strengthens Saudi Arabia’s industrial and logistics ecosystem and represents the company’s first Greenfield project in the country.