Plans are underway to meet increased market demand for warehouses with another 1.5 million square feet of facilities due to be released in the market by the end of 2008
Dubai: 23 July 2008 - Dubai Industrial City, a member of Tatweer, today announced that it has leased all of its 1.5 million square feet of warehouses which make up half of the first phase of storage facilities that the city launched into the market earlier this year.
Rashed Al Ansari, Vice President of Dubai Industrial City, explained that the warehouses were leased by business investors attracted by the superlative quality the storage facilities offer, especially when it comes to fire and safety levels.
"This is an indication of the dynamism of the industrial sector which is experiencing a tremendous boom in the city. Moreover, we managed to grab the lion's share given that our warehouses offer high standards when it comes to fire resistance and safety measures, which is what responsible companies look for. The warehouses are built using pre-cast concrete walls that can contain a fire for four hours and stop it from spreading into neighbouring facilities, the doors are also fire proof, and all our units include independent fire fighting systems with equipment such as alarm panels, sprinkler systems as well as fire hose reels and fire exit doors."
He added that Maqayees, the Dubai Centre for Industrial Standards which is in-charge of implementing all Quality, Health, Safety and Environment (QHSE) standards within the city is also mandated to ensure that the storage materials in the warehouses are safe and offer no hazards to the surrounding community.
"Maqayees has authenticated the safety features within the warehouses and they have the right to inspect all storage materials kept in the warehouses to ensure that they conform to our QHSE standards," Al Ansari said.
He further noted that DI was currently building another 1.5 million square feet of warehouses which are expected to be operational before the end of this year.
"The new facilities will help consolidate our position in the market as one of the largest players in the warehouse industry in Dubai. We are positive about the future of warehouses here especially considering we are building them in line with the latest safety standards to offer high quality and peace of mind to our investors," Al Ansari explained.
He added that the warehouses are 5,000 and 10,000 square feet in size and are flexible in order to expand in multiples to be customized to the user's needs in terms of size. Their ideal location adjacent to Al Maktoum International Airport and Dubai World Central, as well as its close proximity to Jebel Ali Free Zone and Port and being midway between Dubai and Abu Dhabi, were additional plus points that contributed to the strong market demand to lease them.
"These warehouses are part of our strategy to offer comprehensive services related to the industrial sector across our city. Storage is vital for industries and we have decided to offer the latest in warehousing facilities meeting our QHSE standards to offer our clients upgraded facilities that meet and exceed their operational needs," Al Ansari concluded.
Spread over 560 million square feet, the dedicated destination which is designed according to a viable live, work and play concept features six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
Complementary facilities for logistics, warehousing, labour villages, industrial training in addition to commercial, residential and entertainment zones position Dubai Industrial City as a comprehensive one stop-shop destination, providing tenants with a critical competitive advantage in the areas of human resources, logistics and business operations.
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About Dubai Industrial City:
Dubai Industrial City is the third largest non-real estate project in Dubai and is spread across 560 million square feet of land.
The project is the first dedicated industrial destination in Dubai and comprises six industrial clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
The city is designed on a live, work and play model and offers a multitude of different complimentary facilities and services under its roof, for logistics, warehousing, labour cities, industrial training, in addition to commercial, residential and entertainment zones for schools, residence, shopping centres, recreation and entertainment facilities, as well as furnished apartments and hotels that position Dubai Industrial City as a comprehensive destination.
About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns ten market-leading companies and managing an ambitious business development plan.
Its current portfolio is divided into Energy & Healthcare, Leisure & Entertainment, and Industry & Real Estate. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; Universal City Dubailand, the 22 million sq ft development with more than AED 8 billion investments, featuring Universal Studios as its centerpiece; "The Tiger Woods - Dubai" an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures.
A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange.
Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
For further information
Agency:
Aseel Nihad
Jiwin the Public Relations Arm
Of Dubai Press Club
Tel: +971 4 3613593
Email: aseel.nihad@Jiwin.ae
Dubai Industrial City:
Nagy Sedra
Dubai Industrial City
Tel: +971 4 3643400
E-mail: nagy.sedra@dubaiindustrialcity.ae
© Press Release 2008
