Dubai Investments Park (DIP), already housing some 236 tenants and 306 developments including tenants and subsidiary companies, is on track to double investments there to Dh10 billion ($2.7 billion) by the end of this decade, its owners say.

DIP was set up eight years ago as a wholly owned subsidiary of Dubai Investments and is now recognised as a major industrial, business, residential and recreational development in the emirate.
“In just eight years, DIP has become a success story, involving a total investment of over Dh5 billion and we are on track to boost the investment to Dh10 billion by the end of 2010.” said Khalid Bin Kalban, managing director and CEO, Dubai Investments.
The park’s tenants include industrialists and entrepreneurs representing a broad scope of economic activity including pharmaceuticals; property development; metal treatment and insulation materials; water purification and distribution; heavy duty steel fabrication; cold storage; building systems; distribution of TV satellite equipment and the manufacture of cast steel valves for  the oil, gas and water industries and plastic pipes and accessories.
DIP has launched the fourth phase of its development, which Bin Kalban said was necessitated by the presence of a number of leading local and multinational companies that would possibly need to expand in the future.
Companies such as Arenco, Al Serkal Bridgestone, Cosmoplast, Bodycote, Emirates Macaroni, Dragoni, Mega Carpets, Kuwait Agriculture, Express Priniting and Pal Zileri are among the new tenants working out of Dubai Investments Park.
“We are delighted to see Dubai Investments Park turning into a prestigious address and a preferred location for commercial and industrial projects. Further, the area around the Park is set for major transformation, with the announcements of plans for the new Jebel Ali Airport and The Dubai Waterfront,” said  Bin Kalban.
Construction of 13 mixed-development buildings, such as warehouses, manufacturing facilities, offices and labour accommodation, were completed in the first quarter of 2005 in Dubai Investments Park. In addition, nearly 158 buildings are currently under construction at the Park.
“The growth and transformation of Dubai Investments Park is a matter of great pride for all of us,” said Bin Kalban. “It is an example of how sheer tenacity and hard work can achieve results. Today, it is a sought-after industrial, commercial and residential development, which is growing in popularity and scope.”