DIP attracts 436 new companies during Jan-June 2015

Approximately 59.5 million square feet of space within DIP is readymade facilities, which includes warehousing and industrial units.
Omar Al Mesmar, general manager of DIP.
Omar Al Mesmar, general manager of DIP.

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Dubai Investments Park (DIP), a self-contained 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.

This growth brings the total number of companies within the 2,300-hectare development to nearly 4,500 and represents a 20% increase in commercial space allotmentted compared to the same period in 2014..

New companies have leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 square feet.

The sub-tenants include Splash Gulf LLC, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading.

"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 centered 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 there are dedicated plots where companies can custom-build warehouses to meet requirements.

DIP's infrastructure includes140-km of internal road network and well-integrated water and electricity systems.

Approximately 59.5 million square feet of space within DIP is readymade facilities, which includes warehousing and industrial units.

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