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DIP to develop AED300m Dubai logistics complex

by Robeel Haq on Mar 17, 2010

3 Comments

Dubai Investments Park (DIP) has confirmed plans to develop a 500,000m2 logistics park at a cost of AED300 million.

The complex has been drafted as the eighth and final phase of the 2,400 hectare mixed-use development.

"The launch of the final phase is a significant achievement for DIP, especially considering that almost all the infrastructure is already in place," said Omar Al Mesmar, general manager of Dubai Investments Park.

“It also signifies the steady growth of DIP over the years and reinforces our position as one of the fastest growing investment destinations and among the best-equipped mixed use developments in the region,” he added.

Over the years, DIP has invested a total of AED2 billion on infrastructure facilities, while the total investments by the approximately 1135 tenants and 1050 subtenants in DIP has crossed AED 65 billion.

"Phase 8 will be a significant addition to the investment landscape of Dubai, especially since this phase focuses on logistics services, a sector that has witnessed unprecedented growth in the last decade," added Al Mesmar.

FEATURED COMMENT

Connectivity and accessibility should define the uinvestment proposals for a logistic landscape. It seems that there is

3 Comments

Readers' Comments

i-FUN (Mar 19, 2010)
Scarborough
Canada

Disinvestment in Dubai
Connectivity and accessibility should define the uinvestment proposals for a logistic landscape. It seems that there is no balance in supply and demand for such trade enhancing projects and of course the usual shortage of skills in these sectors.

Raja Faiz Rasool (Mar 18, 2010)

Why?
Does it make sense for such an expansion at this time? specially when many 3PL service providers already going for consolidation in their warehousing facilites due to hugh drop in volumes...

Eva Carola Muths (Mar 18, 2010)
Dubai
United Arab Emirates

DIP to develop AED300m Dubai logistics complex
I hope that DIP will also plan for some better access roads to the Investment Park, and that all the industrial traffic will no longer be allowed driving through the Green Community Roads, speeding and endangering our neighbourhood. Also the bottle neck situatation getting our the Green Community main road on to Emirates Road needs to be improved. Why don't they open another access from the GC Round-about outide the West Gardens Appartments on to Emirates Road just ahead of the big R/A. Also the mobile network coverage by Etisalat is getting weaker instead of stronger ... and when will DIP install proper STORM DRAINS to avoid flooding in the GC ... its has been neglected and ingnored since 5 years. So stop makeing new developments and fix & enhance the exisitng infrastructure first!!!!!! "A Happy GC Tennant"

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