Dubai South inks deals to drive foreign investment
by Ashleigh McGinley
Dubai South – the renamed Dubai World Central – has announced the signing of strategic agreements with CBRE and JLL to drive foreign investment to its Business Park Free Zone.
Under the agreement, CBRE and JLL will utilise their expanisve network and expertise to exclusively market and lease Dubai South's Buisness Park office spaces.
The alliance aims to increase the number of foreign investors setting up operations at Dubai South to leverage its growing business eco-system.
Paolo Serra, VP, Business Park, Dubai South, said: "The Business Park Free Zone currently comprises two million square feet of office space spread across 11 buildings; our offering is competitively priced and versatile enough to suit the unique needs of every kind of business model.
"Moreover, the Business Park Free Zone forms an integral part of Dubai South, allowing companies based here to enjoy the distinct advantages of the 145 square kilometer master planned city including proximity to the Al Maktoum International Airport, the Jebel Ali Port and to the venue of the World Expo 2020.
"Our alliance with leading global real estate consultants such as JLL and CBRE will allow us to extend these unique offerings and turnkey solutions to businesses across the world."
Dubai South - the rebranded Dubai World Central - is an emerging 145sq km city that will ultimately sustain a population of one million.
Launched as a Government of Dubai project in 2006, the city is mandated to embody the vision of His Highness Sheikh Mohammed Bin Rashed Al Maktoum by manifesting the urban and societal themes as outlined in the Dubai Plan 2021.
Dubai South's economic platform supports every conceivable kind of business and industry. The city is also home to the now-operational Al Maktoum International Airport -the largest airport in the world when complete - and the World Expo 2020.