GKE Corporation has further expanded its presence in Dubai, United Arab Emirates (UAE) through entering a head of terms document for a 20-year lease of premises.
The group’s wholly-owned subsidiary incorporated in Dubai entered the document on Dec 30, 2025 with JAFZA Enterprises, a subsidiary of DP World.
DP World is a Dubai-based global logistics giant specialising in end-to-end supply chain solutions, managing ports, terminals, economic zones, and offering freight forwarding, contract logistics and tech-driven trade facilitation.
It handles about 10% of global trade and connects businesses across over 80 countries with integrated sea, land and air services.
GKE Corporation has expanded its warehousing and logistics services into Dubai in 2024, and sees this proposed lease as a means for long-term operational stability for its core warehousing and logistics activities in the country.
GKE says that the lease rent payable to JAFZA over 20 years will amount to about $120 million, financed by internal resources and proceeds raised from placement of shares in October 2025, as well as external funding sources including borrowings.
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The head of terms document includes the option to extend the lease for another five years.
Shares in GKE closed 0.1 cent higher or 1.04% up at 9.7 cents on Jan 6.
