Dubai Investments Park Signed 5m Sq. Ft in Sub-Leases In 2018Source: www.export-egypt.com 1/20/2019, Location: Middle East |
|
|
|
|
|
Dubai Investments Park, the wholly owned subsidiary of Dubai Investments PJSC, has announced that total built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park passed the 5 million sq. ft mark in 2018.
Among the tenants are Kingspan Insulation, the sustainable building solutions provider behind major Middle East projects, including the Louvre Abu Dhabi, Atlantis The Palm and the King Abdulaziz Centre for World Culture in Saudi Arabia, invested in a 538,000 sq. ft plot opposite their current operations in DIP 2 in 2018, to create a larger manufacturing facility to serve the Middle East construction market. Their current facility measures over 86,000 sq. ft and offers a 75 million sq. ft production capacity for manufacturing insulation board. Clima Uno, the air conditioning firm, now operates from a purpose-built facility which spans over 100,000 sq. ft and manufactures air handling units, fan coil units, energy recovery ventilators and ecology units of European grade for local and regional HVAC contractors. Regarding the increased number of leases, Omar Al Mesmar, General Manager of DIP, said, "Over the past 19 years, DIP has played a pivotal role in attracting companies and industries from across the region and the globe, helping Dubai become the preferred destination for both investors and end-users. The volume of leases in 2018 was highly encouraging and evidence of DIP’s consolidated growth plans." The ‘City within a City’ also expanded its residential offering in 2018, with Lootah Real Estate Development holding a groundbreaking ceremony for The Edge, a residential offering of 103 units on the Ewan Residences development. DIP is a thriving community, with over 12,000 residential units and 90,000 residents, as well as six schools and five operational hotels. DIP is a sought-after business destination, with over 20 million sq. ft of office space, 18 showrooms and a large space for staff accommodations. DIP offers a wide array of warehousing, storage, and commercial facilities for small, medium, and large-sized enterprises. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
