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Four industry heavyweights are taking space in Dubai Logistics City (DLC), the warehousing and office component of the Dubai World Central development.
Contracts were signed between HH Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Aviation Corporation, Dubai World Central, and Aramex, Danzas, Kuehne+Nagel and Panalpina.
“These signings demonstrate the power of the Dubai Logistics City business proposition and that of Dubai as a worldclass hub,” said Sheikh Ahmed. “These are the fi rst of what will be a partner portfolio that will evolve into a virtual ‘who’s who’ of the industry.”
Aramex has signed for 140,000 square metres in DLC’s contract logistics area with an option for an additional 100,000 square metres.
Danzas AEI Emirates LLC has signed two agreements. The first is for 30,000 square metres in DLC’s forwarding area with an option for a further 15,000 square metres. It has also secured an additional 155,000 square metres in DLC’s specialised contract logistics area.
Kuehne + Nagel has signed for 52,000 square metres in DLC’s contract logistics area. Panalpina has taken 30,000 square metres in DLC’s forwarding area and has an option for another 15,000 square metres. It plans to build its own 10,000 square metre warehouse and 2,600 square metre office building and keep space aside for future expansion.
Dubai World Central will cover 140 square kilometres and will include DLC, an airport that could eventually become the world’s largest and residential space for up one million people. The project blueprint has been designed to support Dubai’s logistics and aviation requirements up until 2050.
DLC alone has been designed so that can eventually accommodate 12 million tonnes of cargo annually in 16 air cargo terminals. The airport that DLC tenants will use will have up to six runways and will have a potential maximum capacity of 120 million passengers annually. In addition to all this space, a key attraction for companies is Dubai World Central’s proximity to Jebel Ali port, which will simplify the transfer of cargo between road, sea and air.
Over 85 regional and international companies have now reserved in excess of over 2.5 million square metres of land within DLC. Sheikh Ahmed said he expects over 6 million square metres of land to be leased by 2008. Phase one grading of DLC is now complete and tenant companies that have opted to build their own facilities are moving on site to begin construction work.