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Al Mesmar: building a booming community

Al Mesmar: building a booming community



Many firms enter DIP

September 2015

As many as 436 companies became tenants of Dubai Investments Park (DIP) in the first five months of this year, the park reported.

DIP, a wholly owned entity of Dubai Investments (DI), is described as a self-contained, mixed-use master community offering a mix of residential, commercial and industrial zones .

The new entrants leased warehouses, distribution centres, office space and light industrial units across a total area of 580,000 sq ft. The tenants included brands such as Splash Gulf LLC, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading.

This marked a 20 per cent increase in commercial space allotments compared with the corresponding period of last year.

DIP, specialising in the development and management of business parks in the region, is building up a reputation as a manufacturing powerhouse, offering a range of medium to light industries in aluminium, steel manufacturing, chemicals, pharmaceuticals, textiles, plastics, oil and gas, construction, building materials and contracting sectors.

“DIP is fast reinforcing its identity as the preferred business destination and its proximity to the Expo 2020 site makes it a favoured option for investors and end-users,” said Omar Al Mesmar, its general manger. “The massive growth in the number of DIP sub-tenants this year is a sign of the growing reputation of DIP, as it continues to evolve into a self-contained city within a city and the most sought-after destination for businesses eyeing good return on investments.”

He added: “Over the last 15 years, Dubai Investments Park’s strategy has centered on supporting the UAE’s GDP by attracting big businesses across a wide array of sectors to its industrial park. Apart from world-class logistics, DIP offers a business-friendly environment and strategic location – both for local consumption and access to key transit points in order to cater to the export markets.”

INFRASTRUCTURE

Warehousing, storage and commercial facilities have traditionally played a pivotal role in the success of DIP and it offers a wide array of logistics solutions for large, medium and small-sized enterprises. DIP offers dedicated plots where companies can custom-build warehouses to meet their requirements.

Its infrastructure covers 140 km of an internal road network and well-integrated water and electricity systems coupled with the most-modern facilities and services for its tenants. Ultra-modern cooling plants, an excellent waste management system and recycling facilities, a sophisticated telecommunications network and up-to-date staff amenities make DIP the preferred choice for all types of ventures, said the park.

“The additional benefits of quality and ease of access within Dubai and to potential markets in the neighbouring emirates and the wider region make DIP an ideal investment destination,” it said.

DIP is a booming community accentuated by over 12,000 residential units, 90,000 residents, 20 million sq ft of office space, 25 showrooms, six schools and three hotels, besides 20 residential buildings. Eight new hotels and serviced apartments are planned to be built in the next few years.

A total of approximately 59.5 million sq ft of space within DIP comprises readymade facilities, which include warehousing and industrial units.




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