AED73 Million Power Substation Up and Running

Dubai: 8 January 2008: The International Media Production Zone (IMPZ), a member of TECOM Investments, today announced the completion of its AED235 million infrastructure, spread across 42 million square feet of land.

The first of IMPZ's five substations has also been energized to supply power to the industrial and residential areas in the free zone. Built at an investment of AED73 million, the substation is equipped with a capacity of 160 mega watts. The second substation is scheduled for completion by 2011. 

IMPZ is dedicated to the graphic arts, printing, publishing and packaging (3P) industries, and strategically located ten minutes away from the upcoming airport in Jebel Ali.

Hamad Huraiz, Executive Director of IMPZ said: "The completion of the infrastructure will facilitate our business partners to commence operations from the cluster. Roads, parking areas, street lighting, drainage, bus stops and road signage are now accessible to all parties based at the free zone.

"IMPZ's partnership with DEWA in the substation complex is crucial to the on-time delivery of the project. Only few substations are energized prior to the completion of the project, relying until then on temporary power sources. We are pleased to assure our investors that their operational requirements will be fully met by a reliable single source power supply complex."

IMPZ extends a wide range of investment opportunities for the graphic arts, printing, publishing and packaging industries, and its ancillary entities. Offering attractive options from land leasing to state-of-the-art pre-built units, the cluster will also include office and warehousing spaces, as well as residential developments along with other utilities designed to meet the requirements of media production companies operating across the world.

IMPZ aims to complement Dubai's vision of becoming a global media destination by providing a pro-business environment in the midst of a unique production cluster.  

The IMPZ team will relocate to the 'Gate House', the new state-of-the-art headquarters in early 2008.

-Ends- 

About the International Media Production Zone
Dubai's International Media Production Zone (IMPZ) seeks to create a unique cluster environment for media production companies from across the industry value chain, and from across the world, to interact and collaborate effectively. IMPZ will be exclusively catering to the graphic arts, printing, publishing and packaging activities. As a master developer, IMPZ will provide an environment of growth by building key facilities, investing in infrastructure, and forming a unique free zone that incorporates industrial, commercial, residential and community service projects under its mantle. The vast complex will be housed on a territory of over 43 million square feet of land, in the heart of commercial Dubai.

The IMPZ initiative is part of Dubai's vision to develop itself into a global media hub. It will provide a pro-business environment, sophisticated technology and community infrastructure to support and foster the growth of media production. www.impz.ae

For further information, please contact:
Zeba Ahmad
Associate Account Manager
JIWIN PR
Tel: +971 4 3613333
Fax: + 971 4 3688001
Email: Zeba.Ahmad@jiwin.ae

© Press Release 2008