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Infrastructure investment across DIP hits Dh1.5b

Infrastructure investment across DIP hits Dh1.5b

By Staff Report

Published: Mon 2 Sep 2019, 5:33 PM

Last updated: Mon 2 Sep 2019, 7:38 PM

Dubai Investments Park (DIP) is ramping up its investments towards the development of various infrastructure facilities and has invested a total of Dh1.5 billion since inception.
The enhancement projects are focussed infrastructure investments across DIP and are termed top priority in line with the ongoing community development planning initiatives. DIP currently offers over 140km of internal road network and has successfully completed enhancements of new entrances, road widening and exit points, all set to ease the traffic flow to and from the development.
As part of the road enhancement projects, two flyovers by RTA at the Sheikh Zayed bin Hamdan Al Nahyan Street which is between DIP 1 and 2 is currently operational. The project includes the enhancement of a service road of two lanes in each direction on the Sheikh Zayed bin Hamdan Al Nahyan Street and Al Yalayes Street, improving entries of Dubai Investment Park from Al Yalayes Street. The opening of the new entrances is part of RTA's expansion of the Al Yalayes and Expo road leading into DIP. The new entrances facilitate movements of vehicles to DIP's industrial, commercial and residential areas. There are currently a total of 11 entrances and exits to DIP from major highways.
The enhancements to the road infrastructure has benefited DIP's industrial zone with improved road networks, connectivity to regional and international transport linkages, access to markets and speedy delivery of raw materials to manufacturing units, research and development laboratories and finally for processing to assembly.
Omar Al Mesmar, GM at Dubai Investment Park, said: "DIP's strategic location makes it one of the most sought-after developments for tenants and businesses alike. DIP is working closely with authorities to broaden and upgrade infrastructure while continuing with relentless efforts to ensure integration amid public transport modes. The expenditure on road and infrastructure has been a major growth factor in the region and these investments are vital to social and economic growth, and DIP is extremely proud to be proactively contributing to this developmental phase."
As part of DIP's concerted efforts, an amount of Dh125 million has been allocated towards improvement of public facilities, pedestrian track maintenance and upgradation of existing infrastructure, and air conditioned bus shelters, which are scheduled to escalate from nine to twenty units by the end of the year. Work is progressing according to plans on the 15km Route 2020 which is an extension of the Dubai Metro Red Line from Nakheel Harbour and Tower Station to the site of Expo 2020. The planned metro line is will pass through DIP. Reports also indicate confirmation of all tunnel-related works of the metro progressing according to the schedule.
The infrastructural growth within DIP continues to reinforce the business park as a self-contained city-within-a-city. DIP has been investing in enhancing and improving existing infrastructure with well-integrated water and electricity systems, best of hospitals, educational institutions, hotels, retail outlets, supermarkets and other day-to-day necessities and recreational options like vastly spread public parks and football grounds.
- business@khaleejtimes.com

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