Tuesday 19 March 2019

Dubai Wholesale City opens long-term leases for firms

DUBAI, September 3, 2016

Dubai Wholesale City, a major development coming up on a 500-million-sq-ft area in the emirate at an estimated cost of Dh30 billion ($8.16 billion), has started accepting applications from companies and traders interested in booking space at the integrated development.

On completion, Dubai Wholesale City will emerge as the top regional destination, and key link in the supply chain for global wholesale trade, offering best-in-class and fully integrated services to traders and companies.

The city is working towards strengthening the status of the UAE as a key market in international trade, said the developers.

Dubai Wholesale City is presently seeking applications from interested companies and traders for lease via its website (www.dubaiwholesalecity.ae), by email (sales@dubaiwholesalecity.ae) or in person at its stand (Dubai Holding, Tecom Group) at Cityscape Global 2016.

On the announcement, Dr Amina Al Rustamani, Group CEO of Tecom Group, said: "Dubai Wholesale City is a key contributor to the efforts of Tecom Group in articulating His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai's, UAE post-oil vision."

"Since inception, Tecom has been successfully creating business ecosystems across media, ICT, education, science, design and manufacturing to support Dubai’s economic diversification strategy with hubs such as a Media City and Internet City and the introduction of Dubai Design District in 2014," noted Al Rustamani.
Abdulla Belhoul, the chief executive of Dubai Wholesale City, said this year will marks its debut at Cityscape Global and provides the company with a unique opportunity to engage with potential partners in different industries and sectors.

"We believe by highlighting the dynamic offerings of Dubai Wholesale City, and showcasing the blueprint of the project as well as its progress to date, we will effectively draw the interest of serious local and international investors," stated Belhoul.

"Cityscape will also give us the opportunity to highlight Dubai Wholesale City’s critical role in the global trading sector that is expected to grow to about $4.9 billion in the next five years. Such figures reinforce the vast opportunities the city can provide for its business partners," he added.

Belhoul reiterated Dubai Whole Sale City’s credentials as a wholesale hub of choice that offers a competitive and attractive investment opportunity.

According to him, the destination is the perfect fit for a range of development projects, and is also targeting retailers keen to expand into wholesale and increase their investments within the GCC region.

“Today, we have also started taking bookings for space at the wholesale development. Companies and traders keen to establish their operations at our hub will benefit from its advanced infrastructure and world-class services and can book their space by visiting our team, at our stand at Cityscape,” stated Belhoul.

The largest wholesale development is strategically located with links to Al Maktoum International Airport, Jebel Ali Port, all major highways and the future Etihad Rail, connecting it to all four major means of transportation, making it a location of choice.
During Cityscape Global, the development will showcase three designated areas including its specialised wholesale avenues, cross-docking facilities and specialised wholesale markets, offering visitors a first-hand experience of the city’s enhanced proposition.-TradeArabia News Service

Tags: Cityscape | Companies | lease | Dubai Wholesale City |

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