In 2012, 82% more companies used DIC than in the previous year.
Summary:
Dubai Industrial City (DIC) attracted 82% more companies to its books last year, with 212 more firms using its real estate services in 2012.
During the 12 months, the number of organisations using DIC – a member of Tecom Investments – rose from 259 to 471.
Abdullah Belhoul, Managing Director of DIC, said these growing figures demonstrate the company “continues to be an attractive industrial and logistic hub” for firms in Dubai and the rest of the United Arab Emirates (UAE).
“It also stresses on the importance of the industrial sector, being the second largest contributor to the total [gross domestic product] of the UAE,” he said.
Among the companies that chose DIC for their storage and logistical services were Juma Al Majid Group and Al Futtaim Logistics. DIC is the largest industrial real estate initiative in the city, covering 55 sq km of land and focusing on mechanical and transport equipment.
Mr Belhoul added the UAE “has proven to be one of the preferred global investment destinations among all sectors, despite any global economic climate or changes”, predicting more demand in DIC’s services over the next few years.
Last year, Byrne Equipment Rental LLC – the largest equipment rental company in the Middle East – invested in a 401,000 sq ft headquarters complex at DIC, costing around AED 15 million (£2.71 million).
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