Dubai Investments Park (DIP), the unique self-contained, mixed-use master community offering a mix of residential, commercial & industrial zones and wholly-owned by Dubai Investments (DI), has attracted 436 new companies in the first five months of 2015, taking the total number of companies within the 2,300-hectare development to nearly 4,500.
During the period, the new companies leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 square feet. The sub-tenants include well-known brands such as Splash Gulf LLC, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading, among others.
This marked a 20% increase in commercial space allotments in the period compared to the last year.
DIP, the torchbearer in the development and management of business parks in the region, is thus reinforcing its reputation as a manufacturing powerhouse, offering a range of medium to light industries in aluminium, steel manufacturing, chemicals, pharmaceuticals, textiles, plastics, oil & gas, construction, building materials and contracting sectors.
"DIP is fast reinforcing its identity as the preferred business destination and its proximity to the Expo 2020 site makes it a favoured option for investors and end-users. The massive growth in number of DIP sub-tenants this year is a sign of the growing reputation of DIP, as it continues to evolve into a self-contained City-within-a-City and the most sought-after destination for businesses eyeing good return on investments," said Omar Al Mesmar, General Manager of DIP.
He added: "Over the last 15 years, Dubai Investments Park's strategy has centred on supporting UAE's GDP by attracting big businesses across a wide array of sectors to its industrial park. Apart from world-class logistics, DIP offers a business-friendly environment and strategic location – both for local consumption and access to key transit points in order to cater to the export markets."
Warehousing, storage and commercial facilities have traditionally played a pivotal role in the success of DIP and it offers a wide array of logistics solutions for large, medium and small-sized enterprises. DIP offers dedicated plots where companies can custom-build warehouses to meet their requirements.
DIP extends unrivalled infrastructure, including 140-km of internal road network and well-integrated water and electricity systems, coupled with the most-modern facilities, and quality services for its tenants. Ultra-modern cooling plants, excellent waste management system and recycling facilities, a sophisticated telecommunications network and up-to-date staff amenities, make DIP the preferred choice for all types of ventures.
The additional benefits of quality and ease of access within Dubai and to potential markets in the neighbouring emirates and the wider region make DIP an ideal investment destination.
Born out of a pioneering vision by DI, DIP is today a booming community, accentuated by over 12,000 residential units, 90,000 residents, 20 million square feet of office space, 25 showrooms, six schools, three hotels, besides 20 residential buildings and a large of staff accommodation. Eight new hotels and serviced apartments are planned to be built in the next few years.
A total of approximately 59.5 million square feet of space within DIP are readymade facilities, which includes warehousing and industrial units.