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Inkas armoured vehicles...increasing demand drives expansion

Inkas to set up 2nd manufacturing facility in DIP

DUBAI, December 16, 2014

Leading manufacturer of quality armoured transport and special purpose vehicles Inkas Vehicles has planned to set up another manufacturing facility in the Dubai Investment Park (DIP), a leading integrated commercial, industrial and residential community in the Middle East, wholly-owned by Dubai Investments.

Built at an investment of Dh55 million ($14.9 million), Inkas’ new facility will be the biggest-of-its-kind in the region, spread across 159,700 sq ft within DIP 2.

Inkas currently operates a 110,000 sq ft manufacturing factory, producing over 1,000 quality armoured transport, executive SUVs, armoured cars, luxury sedans and special purpose military vehicles every year, and catering to the UAE and exported to Middle East, North America, North Africa and Asian markets.

DIP is emerging as the preferred manufacturing hub for world-class armoured vehicles, with more firms setting up base within the business park, said a statement.

As on date, four leading armoured vehicles manufacturers from across the world, which includes Inkas Vehicles, Mezcal Security Vehicles, Shell Armored Vehicles and Saxon Armor, are operational within DIP – producing a total of 1,600 armoured vehicles every year, it said.

Some of these companies are fast expanding their presence with additional manufacturing units within DIP, as the Middle East and North Africa (Mena) region is registering a sharp growth in armoured vehicles sector.

This growth and expansion comes amid a surge in global armoured vehicles market, which is projected to reach $28.62 billion by 2019 with primary drivers being the Mena and Asian markets.

Omar Al Mesmar, general manager of DIP, said: “Over the last 17 years, our endeavour at Dubai Investments Park is centered on supporting UAE’s GDP by attracting big businesses to our industrial park. These include some of the leading names across a wide array of sectors. Apart from world-class logistics, DIP offers business-friendly environment and proximity to key transit points for exports.

“These are the key requirements for the armoured vehicles manufacturing which is evident in the growing number of companies in the sector within DIP.”

Ulugbekhon Maksumov, chief executive officer, of Inkas, said: “DIP offers a unique infrastructure that is tailored for the armoured vehicles industry. At present, Inkas is manufacturing 1,000 vehicles annually at our existing plant within DIP, and this will be augmented to 1,600 vehicles with the new factory.

“Certified by recognised ballistics laboratories worldwide, Inkas armoured vehicles ensure 100 per cent compliance with the world standards, and we aim to further build on our market leadership with the new facility. We expect sales of Dh1.2 billion in the coming two years.” - TradeArabia News Service




Tags: Dubai | DIP | Vehicles | facility |

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