Author : Jaidev
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Dubai Industrial City is the third largest non-real estate project in the UAE emirate spanning across 560 million square feet |
A member of Tatweer, Dubai Industrial City, today announced that 19 companies are currently investing more than Dh650 million in the construction of their manufacturing units within the industrial township. Construction activity is another sign of the growth and development of the township, which is the third largest non-real estate project in Dubai spanning across 560 million square feet.
Rashed Al Ansari, Vice President of Dubai Industrial City said: "We are achieving rapid occupancy, an indication of the high demand and fast track development of the City. The on-going construction within the city means that we will maintain our leading role in driving the emirate's status as the region's hub for the industrial sector."
Rashed further noted that five of the 19 factories that are currently being built are estimated to be complete by 2008, while the remaining are scheduled to start operations by 2009. Al Ansari further pointed out that more than 500 factories and manufacturing units for light and medium industries are set to be built across the various six industrial zones of the city until 2015.
Source : press release
