Dubai Industrial Park announces US$36.75mn expansion project

DIPThe total number of factories operating in Dubai Industrial Park currently amounts to 100, with an additional 120 factories currently under construction. (Image source: DI)Dubai Industrial Park (DI), a designated district within Dubai Wholesale City (DWSC), today announced the US$36.75mn infrastructure development and road expansion project spanning an area of 16mn square feet that is set to commence on its premises

The expansion works stem from the park’s commitment to pre-emptively address the potential growth of the industrial sector in Dubai and wider UAE, which reflects the strides of the Dubai Industrial Strategy since its launch 2016. The contract has been awarded to Wade Adams, a Dubai-headquartered general construction and project development company with international experience.

As the appointed general contractor, the firm will be responsible for the overall coordination of the project and the management of the construction works. Set for completion by end-2018, the project comprises two phases. The project will involve enhancements and expansion of the roads networks, followed by the implementation of the ground work across 16mn square feet. The project is expected to be completed by end-2018.

Saud Abu Al-Shawareb, chief operating officer at Dubai Industrial Park, said, “Dubai Industrial Park is committed to meeting the requirements of its business partners and enabling them to take advantage of available opportunities in contributing to the UAE’s economic diversification. The UAE’s economy is witnessing a significant growth in non-oil sectors, particularly in the industrial domain in line with the government’s focus and efforts to diversify the country’s economy and leverage its strategic location to serve as a trade corridor.”

He added, “As a key partner in the Dubai Industrial Strategy 2030, we are working relentlessly to develop the sectors that are crucial to the achievement of its goals and objectives. Moreover, Dubai Industrial Park provides a comprehensive and integrated environment for its business partners to enable them to realize their respective KPIs, boost their operations, and expand their presence.”

According to the annual results of Dubai Industrial Strategy, the industrial sector grew by 3.4 per cent in 2016 over the previous year, making up 9.5 per cent of Dubai’s total GDP. Additionally, manufacturing increased 31.2 per cent in 2016, with industrial GDP reaching US$9.69bn in 2016. As a positive outcome of implementing the strategy, total industrial exports grew by 8.6 per cent in 2016, reaching US$38.93bn.

The UAE Ministry of Economy revealed that the total volume of investment in the industrial sector in the UAE, by the end of H1 2017, amounted to more than US$35.39bn, marking an increase of two per cent as compared to the same period in 2016. The contribution of the industrial sector to UAE’s GDP reached 16 per cent, and is projected to reach 25 per cent by 2025, with the sector considered the largest contributor to GDP after oil and gas.

Dubai Industrial Park has witnessed the opening of the world’s largest personal care product plant for Unilever, as well as the inauguration of Patchi’s largest facility in the region. In addition, Bin Touq Transportation LLC has started construction work of its new headquarters, and the inauguration of Al Faris Equipment Rental headquarters in the UAE.

The total number of factories operating in Dubai Industrial Park currently amounts to 100, with an additional 120 factories currently under construction.

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