Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Industrial City Witnesses an Impressive Growth In 2013  Join our daily free Newsletter

MENAFN Press - 19/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN Editorial) Dubai Industrial City, a member of TECOM Investments, witnessed a very successful year in 2013 with an impressive financial performance, where revenue increased by 33.2% and Ebitda registered 67.1%



The increase in revenue was driven mainly by land leases and warehouses lease, which registered an increase of 44.1% and 51.6% respectively. The City saw a remarkable growth on all sides, where it attracted 158 new companies in 2013.



Strong results were also achieved in all products in Dubai Industrial City, where the new industrial land leases grew 4 times more than last year. Moreover, warehouses' occupancy rate reached 91% and labour villages' occupancy rate reached 79% in 2013



Abdullah Belhoul, CEO of Dubai Industrial City said: "Growth in Dubai Industrial City continues to stress on the industrial sector success story in the UAE, where the sector contributes with 10-14% in the national GDP. The increase we have witnessed in 2013 also highlights our efforts in meeting the demand in this industry and our vision to provide a highly competitive platform for growth in the manufacturing and logistics sector in the UAE.



"Growth trend expected to continue, driven by industrial land leases, and we will continue to see a growing number of factories becoming operational this year. Investing in infrastructure and new assets will continue to be essential for us, in order to sustain this growth in the coming years.



According to the latest research from real estate consultancy Cluttons, momentum remains in the industrial property market with steady rates and growth throughout the UAE. Cluttons Q4 2013 report, the industrial market was bolstered by an improved economic climate, the successful win of Expo 2020, and the launch of passenger services at Al Maktoum International Airport, following the June 2010 inauguration of the airport as a cargo hub



A large number of local nd regional companies chose Dubai Industrial City as a preferred destination for their operations, where a total number of 111 customers started constructions of their factories, and 10 new factories became operational including factories for: Al Marai, BYRNE, Al Reyami Group, Rasasi, Gulf Eternit, CAPAROL, Al Faris, Emirates Printing Press (EPP), FABTECH and standard Carpets




Dubai Industrial City supports a wide variety of sectors covering the majority of the manufacturing industry's requirements, especially in light to medium manufacturing sectors with specific emphasis on machinery and mechanical equipment, transport equipment and parts, base metal, chemicals, food and beverage, mineral and recently halal products.



Belhoul added: "The newly established Halal Cluster in Dubai Industrial City stems from our ambition to act as a true enabler of Dubai's ambition to become the global capital of the Islamic economy. With the support of Standards Department at Emirates Authority for Standardization and Metrology (ESMA), and Accreditation Department at Dubai Municipality, we have succeeded in creating a dedicated platform for companies and investors with halal operations in the UAE.



Dubai Industrial City is considered one of the largest industrial destinations in Dubai and is spread across 55 square kilometers (560 million square feet) of land. It was established to serve as a catalyst for the growth and expansion of the industrial sector in the United Arab Emirates - with specific emphasis on Machinery and Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products.



The City is home to over 500 companies, including: JUMA AL MAJID GROUP, Unilever, AL ROSTAMANI, Al Futtaim, Patchi, CEDARS Papers Industrial LLC., Al Habtoor Motors, SIEMENS, Dubai Islamic Bank, International Humanitarian City, Arabtec Construction L.L.C., The Kanoo Group and Transmed.


About Dubai Industrial City
Industrial City (DI), a member of TECOM Investments, is the second largest industrial real estate project in Dubai and is spread across 55 square kilometers (560 million square feet) of land. The industrial destination was established to serve as a catalyst for the growth and expansion of the industrial sector in the United Arab Emirates - especially in light to medium manufacturing sectors with specific emphasis on Machinery and Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products. Dubai Industrial City provides a cost effective and efficient business environment together with a number of industry supporting products and facilities including warehousing and logistics solutions, labour villages, vocational training, commercial space as well as a one stop shop for the issue of required licenses and permits.Dubai Industrial City is strategically located next to the new Al Maktoum Airport (Dubai World Central) and in close proximity to the Jebel Ali Free Zone. The City provides a traffic free environment with direct connections to the Emirates Road, Dubai By Pass Road providing easy and convenient access to global transportation points via road, air and sea.

 


MENAFN Press




  MENA News Headlines
 Mar 29 2017 - “Talal Abu-Ghazaleh Professional Training” and AlMotahida Education Group Sign Partnership AgreementMENAFN Press
(MENAFN Editorial)Talal Abu-Ghazaleh Professional Training Group (TAGI-Train) and AlMotahida Education Group (AEG) signed a partnership agreement in the field of digital education in the presence of ...

 Mar 29 2017 - Qatar Airways launches direct flights to TbilisiBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Qatar Airways now operates four direct flights toTbilisifrom Doha's Hamad International Airport, in addition to the existing seven weekly flights that operate ...

 Mar 29 2017 - Emirates commences daily flights to Fort LauderdaleBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Emirates launched its 11th destination in the United States with the start of a daily nonstop passenger service between and Fort Lauderdale-Hollywood ...

 Mar 29 2017 - US-Bangla increases its frequencies to MuscatBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : US-Bangla Airlines has increased its flights to Muscat from its present four flights to six a week , with effect from December 18, in response to the growing ...

 Mar 29 2017 - Etihad Airways starts restructuring, job cuts as growth slowsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : Etihad Airways PJSC will eliminate jobs across several units, highlighting the pressure on carriers in the Persian Gulf to adapt to slowing growth after years of ...

 Mar 29 2017 - US-Bangla flies to fifth int'l destination SingaporeBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : US-Bangla Airlines, the country's leading premium airline, started flights to its fifth international destination Singapore on March 9. The flights leave ...

 Mar 29 2017 - Oman Air takes delivery of first stretched B787-9Bangladesh Monitor
(MENAFN - Bangladesh Monitor) Muscat : Oman Air has taken delivery of its first Boeing B787-9. The stretched version of the widebody aircraft joins four B787-8s in the fleet. The Omani flag carrier ...

 Mar 29 2017 - Dubai Airport outlaws round bags from baggage operationsBangladesh Monitor
(MENAFN - Bangladesh Monitor) Dubai : Airports will soon introduce a new baggage rule to help improve service, reduce the risk of mishandlings and enhance the performance of its check-in and baggage ...

 Mar 29 2017 - MENA to receive 195m international tourists by 2030Bangladesh Monitor
(MENAFN - Bangladesh Monitor) Dhaka : United Nations World Tourism Organi-sation (UNWTO) and ATM Ministerial Forum at the Arabian Travel Market, taking place on April 24 in the Dubai World Trade ...

 Mar 29 2017 - Sylhet becomes flydubai's third destination in BangladeshBangladesh Monitor
(MENAFN - Bangladesh Monitor) Sylhet : A direct flight of Dubai-based flydubai, codeshared with Regent Air-ways, landed in MAG Osmani International Airport on March 15 that made the airport ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help