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Dubai Industrial City sells Dh1.5b commercial plots

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DUBAI -- Dubai Industrial City (DI) has sold more than Dh1.5 billion worth of commercial plots for schools, shopping centres, hospital, residential areas and recreation and entertainment facilities, according to a Press statement.

 

Rashed Al Ansari, CEO of DI , said this industrial city is strategically located and offers a comprehensive range of commercial and industrial services and facilities. "This mixture is proving to be very attractive to industrial investors across the region," he said.

Spread over 560 million square feet, DI is adjacent to the Al Maktoum International Airport, close to major highways and near to Jebel Ali Port. It also features six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

Al Ansari said that over the past 12 months DI , a member of Tatweer, launched four office buildings as well as 1.5 million square feet of warehouses, in addition to the Dubai Industrial Academy, the first vocational industrial training academy in the UAE.

"We have a goal of developing and nurturing a strong and growing industrial base in Dubai, and we are right on our target," he added. "The launch of our various projects was met with great success and we see demand spurring our growth for the future."

He said that three of the four buildings have been leased out, and that DI started leasing warehouses since last month. Logistics provider transPARK is managing all logistic services and operations for DI warehouses, he added.

DI had set up transPARK with global contract logistics firm Deutsche Post World Net, the parent company of DHL, Danzas and Exel. Last year DI also launched a dedicated permits department in Maqayees, the Dubai centre for industrial standards responsible for monitoring and controlling all investor related quality, health, safety and environment issues across the industrial hub.

 
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