DIC expects $15b in investment |
|
27 February 2008
Dubai: Dubai Industrial City, (DIC)Dubai Industrial City, (DIC)
a project being developed by Dubai Holding unit Tatweer to create a strong manufacturing sector in the emirate, expects total investments of $15 billion in its infrastructure and factories.
The zone has attracted 430 industrial investors and basic infrastructure work is being expedited to enable investors to start building facilities, chief executive officer Rashid Al Ansari said.
He said most of the land for industrial use has been leased and 85 per cent of land for commercial buildings has been sold.
"This year we will be focused on construction work to turn the plan into a reality," Al Ansari told reporters on Tuesday.
Benefits
He said Dubai Industrial CityDubai Industrial City
is not a free trade zone and companies operating within the premises will benefit from the existing Greater Arab Free Trade Area agreement on non-tariff trade.
Land is available to companies on a 49-year renewable lease for setting up factories, while in the commercial zone plots have been sold for non-manufacturing use.
Dubai Industrial CityDubai Industrial City
achieved more than Dh1.5 billion in commercial plot sales of lands for use as schools, shopping centres, hospitals, residential areas, and recreation and entertainment facilities.
The investment on buildings, industrial plants and basic infrastructure like roads and utilities is expected to be $15 billion, Al Ansari said.
Dubai has spent Dh770 million on infrastructure in the first phase and the second phase contract is expected to be awarded soon.
Clusters
Spread over 560 million square feet, Dubai Industrial CityDubai Industrial City
features six industrial clusters for food and beverage, base metals, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
There will be seven sectors for labour accommodation offering 14 to 16 buildings in each sector.
Al Ansari said huge demand from investors is an evidence of the growth of the industrial activity in Dubai.
"We are the first industrial destination that is strategically located and that offers a comprehensive range of commercial and industrial services and facilities. We are close to major highways, in close proximity to Jebel Ali Port and adjacent to Al Maktoum International Airport," he said.
By Shakir Husain
© Gulf News 2008. All rights reserved.
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Abu Dhabi Municipality | UAE | Ministries and Municipalities |
| KIA Motors Saudi Arabia | Saudi Arabia | Transportation Products |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Al Rashid Trading and Contracting Company | Saudi Arabia | Construction and Design |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |





Loading ...