(MENAFN-Khaleej Times) dubai industrial city (dic), a member of tecom investments, witnessed a very successful year in 2013 with an impressive financial performance, where revenue increased by 33
The increase in revenue was driven mainly by land leases and warehouses lease, which registered an increase of 44.1 per cent and 51.6 per cent, 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 four times more than last year. moreover, warehouses’ occupancy rate reached 91 per cent and labour villages’ occupancy rate reached 79 per cent in 2013.
“growth in dubai industrial city continues to stress on the industrial sector success story in the uae, where the sector contributes with 10-14 per cent 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,” said abdullah belhoul, chief executive of dubai industrial city.
“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,” belhoul said.
A large number of local and 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.
“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,” belhoul concluded.
— business?khaleejtimes.com
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.