DIC launches $204m warehouse development
Dubai, January 31, 2012
Dubai Industrial City (DI), a leading manufacturing area and a member of Tecom Investments, has launched the second phase of its warehouse and showroom development worth $204.21 million.
The new phase, which will offer state-of-the-art storage facilities, comprises 3.5 million sq ft of warehouses and retail showrooms equipped with back storage, featuring units measuring 5,000 and 10,000 sq ft.
These new facilities double the present size of the current storage facilities, and along with an additional three million sq ft of open storage yards that are equipped with asphalted tarmacs and round-the-clock security, bring the aggregate amount of current storage at the light to medium industrial destination to 10 million sq ft – the largest-of-its-kind under one area in the UAE.
Dubai Industrial City now features a total of 627 eight-meter high warehouses, and 122 retail showrooms with amenities for temperature-controlled and chemical storage, workshops for light industrial activities and machinery operation, in addition to warehouses for general-use.
Abdulla Belhoul, managing director, Dubai Industrial City, said: “There is an increasing demand for quality and specialized storage facilities in the market, with a heightened emphasis on health and safety.”
“The launch of the second phase of warehouses at Dubai Industrial City addresses such needs, and will further consolidate Dubai’s position as the current logistics hub in the UAE and the Middle East. It will also spur growth in the nation’s industrial sector, which has grown by approximately 11 per cent in 2011, making it the second largest contributor to the UAE’s economy after the hydrocarbon sector,” he added.
Belhoul continued: “The warehouses are engineered to respond to the sophisticated industrial and safety needs of the diverse light and medium industrial units operating at Dubai Industrial City such as food and beverage, machinery and equipment, as well as base metals and chemicals.”
“The units are subjected to periodic monitoring and supervision by Dubai Industrial City’s Health, Safety and Environment Department to ensure full compliance,” he concluded. – TradeArabia News Service