Dubai Industrial City Launches 13.9 Million Sq.Ft. Expansion To Strengthen UAE Manufacturing Sector - Middle East Business News And Information
Date
6/4/2024 10:43:58 PM
(MENAFN- Mid-East)
Dubai Industrial City's expansion comes after the region's leading industrial and logistics destination noted 97% occupancy in its land lease portfolio in the first quarter of 2024
Abu Dhabi, UAE: Dubai Industrial City, the region's leading industrial and logistics hub, has officially launched 13.9 million sq. of additional land capacity within its ecosystem in the presence of Her Excellency Sarah Al Amiri, UAE Minister of State for Public Education and Advanced Technology, His Excellency Omar Al Suwaidi, Undersecretary of the UAE Ministry of industry and Advanced Technology, Malek Al Malek, Chairman of TECOM Group, Abdulla Belhoul, Chief Executive Officer of TECOM Group, and Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group, during the first day of Make it in the Emirates Forum held in Abu Dhabi on 27-28 May.
The additional land capacity at Dubai Industrial City, part of TECOM Group PJSC, was acquired through a AED 410 million transaction that aims to champion and strengthen local supply chains, stimulating homegrown manufacturing in the UAE and Dubai.
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