Progress on 167 million Square Feet Achieved Ahead of Schedule within Record Time of Eight Months
Dubai: 17 March, 2009 - Dubai Industrial City, a member of Tatweer Dubai, today announced the grading work of its 167 million square feet Phase-II development has been completed ahead of schedule, within a record time of eight months.
The grading work, which included the leveling off of land and demarcation of plots, was expedited to help investors commence construction work on respective industrial units.
Rashed Al Ansari, Vice-President of Dubai Industrial City, said: "We are proud to announce the early completion of grading work for Phase-II. In keeping with our firm commitment to create a vibrant industrial destination, we have initiated appropriate measures to ensure investors gain possession of their designated plots and begin construction work as soon as possible.
"Work on the remaining segments of our project will also proceed as planned, as we streamline our efforts towards establishing a holistic manufacturing destination with the most modern facilities. Prioritising the grading work came in response to clients' desire to have early access to their plots in the second phase of Dubai Industrial City."
Al Ansari added: "We expect to have 30 factories operating in Dubai Industrial City by end of 2009, some of them located in the second phase of the project. Our investors have production deadlines and commitment to their own suppliers and consequently we are keen to enable them to commence work on their factories. By meeting their expectation we have validated our sincere endeavour to shape an optimum enabling environment at the industrial township."
The 560 million square feet Dubai Industrial City is a comprehensive one stop- industrial and commercial destination that provides tenants with a critical competitive advantage in human resources and business operations.
The offerings at Dubai Industrial City include a 2.8 million square feet of open storage yards, three million square feet of warehouses in addition to 64 showrooms, a labour village to accommodate 10,500 tenants, training programmes by Dubai Industrial Academy, as well as four office buildings that are fully operational.
The dedicated industrial destination features six industrial clusters including food and beverage, base metal, mineral products, chemicals, transport equipment and parts, as well as machinery and mechanical equipment.
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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.
It is located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road.
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 one stop-shop destination.
Dubai Industrial City provides tenants with a critical competitive advantage in human resources, logistics and business operations. The city is expected to accommodate around 500,000 people when it is completed by 2015.
About Tatweer:
Tatweer is a member of Dubai Holding and one of the largest and fastest growing business conglomerates in the region. Tatweer's name is synonymous with some of the most ambitious developments in Dubai and an equally extensive portfolio of prestigious projects in the pipeline.
Launched in December 2005, Tatweer owns and manages a strategic group of entities across six diverse industry verticals: Leisure and Entertainment, Commodities, Healthcare, Hospitality, Manufacturing, and Real Estate. The operations are strategically grouped under two distinct divisions - Tatweer Dubai and Tatweer Investments.
Tatweer Dubai will focus on project development within the UAE and advance strategic long term partnerships such as Partners-Harvard Medical International; the internationally renowned golfer Tiger Woods; IRCA Global, and Universal Studios. Tatweer Dubai's entities comprise Dubai Healthcare City (DHCC), the region's hub for world-class quality healthcare services; Dubailand®, the world's most ambitious tourism, leisure and entertainment destination; The Tiger Woods Dubai, the exclusive golf community home to the world's first Tiger Woods designed golf course; Bawadi®, the largest hospitality, shopping and entertainment cluster in the world; Dubai Industrial City, a township to develop Dubai as a leading manufacturing hub; IRCA Middle East, a joint venture with International Risk Control Association IRCA Global, South Africa to provide comprehensive pure risk management solutions to a wide spectrum of industries in the MENA region; Global Village, bringing together 160 different countries showcasing myriad cultures; and the Parks & Resorts DUBAILAND® featuring Universal Studios DUBAILAND®, Dreamworks DUBAILAND®, Six Flags DUBAILAND®, LEGOLAND DUBAILAND®, Marvel DUBAILAND®, Freej DUBAILAND® and HIT Entertainment.
Tatweer Investments will drive Tatweer's foray into international markets, leveraging its synergy with leading global strategic partners. It will extend Tatweer's existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. The entities under Tatweer Investment's portfolio include Mizin, pursuing a vision to become the real estate developer of choice in the UAE; Dubai Mercantile Exchange, the premier international commodity futures exchange in the Middle East; and new businesses in the food and beverage industry forged through alliances with leading international brands.
For further information
Agency:
Aseel Nihad
Associate Account Manager
Jiwin the Public Relations
Phone: +971 4 3613584
Email: aseel.nihad@jiwin.ae
Dubai Industrial City:
Nagy Sedra
Assistant Marketing Manager - PR
Dubai Industrial City
Tel: +971 4 3643400
E-mail: nagy.sedra@dubaiindustrialcity.ae
© Press Release 2009
