Meet Kiwi shot putter Valerie Adams who swung back to action at 36 after two children and three critical abdominal surgeries to win an Olympic Bronze
sports9 hours ago
Dubai Investments Park (DIP) on Saturday announced that 100 new companies have either leased or sub-leased premises within the development in the past year.
With the new companies, the total number of companies within the 2,300-hectare development has surged to 4,600. The free zone park also announced that its net profit has registered a combined annual growth rate (CAGR) of 11 per cent in the past five years.
Construction has also commenced on 48 new sites within DIP for new facilities, further building on its reputation as a manufacturing powerhouse.
DIP boasts an enviable portfolio of tenants, ranging from medium to light industries in aluminium, steel manufacturing, chemicals, pharmaceuticals, textiles, plastics, oil and gas, construction, building materials and contracting sectors, among others.
"The sharp surge in new companies within Dubai Investments Park is a sign of the growing reputation of the development as it continues to evolve into a self-contained city-within-a-city and the most sought-after destination for businesses. DIP's proximity to the Expo 2020 site makes it a favoured option for investors and end-users, with pent-up demand for logistics, accommodation and ancillary services to cater to the infrastructure projects of the Expo," said Omar Al Mesmar, general manager of DIP.
He added: "The total value of investments made by DIP tenants towards their facilities and factories is approximately Dh50 billion."
Over 95 per cent of DIP land is leased and 98 per cent of its industrial zone is occupied. DIP offers a wide array of warehousing, storage and commercial facilities for large, medium and small-sized enterprises; as also dedicated plots where companies can custom-build warehouses.
Today, DIP is a bustling community, with over 12,000 residential units, 90,000 residents, 20 million square feet of office space, 25 showrooms, six schools, five hotels, besides 20 residential buildings and staff accommodation. Eight new hotels and serviced apartments are currently in advanced planning and implementation stages.
Over the years, DIP has spent over Dh4 billion in enhancing and improving infrastructure to international standards, which includes 140km of internal road network and well-integrated water and electricity systems, hospitals, educational institutions, hotels, retail outlets, supermarkets and other day to day necessities and recreational options for tenants.
- abdulbasit@khaleejtimes.com
Meet Kiwi shot putter Valerie Adams who swung back to action at 36 after two children and three critical abdominal surgeries to win an Olympic Bronze
sports9 hours ago
This is the first study to show that persistent lack of sleep is a strong predictor of psychosis
health9 hours ago
International passenger traffic increased by 20 per cent in March 2024
business9 hours ago
In addition to citizens from the newly included countries, the tourist visa has been extended to seven other categories
gulf9 hours ago
Al-Najjar, one of the three hospitals in Rafah, is no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah
world10 hours ago
The tweet also informed people of the different details that a single ID card can provide
gulf10 hours ago
Airport expected to increase its capacity to 25 million passengers annually by 2027
aviation11 hours ago
Core taxi segment revenue up 15% year-on-year
business11 hours ago