Maritime World, the umbrella body constituting Dubai Maritime City (DMC) and other maritime entities, said 35 per cent of developers have reached an agreement to immediately start the construction work on their plots.

 

DMC, the global Marine and Maritime Clusters in the region spread over 2.27 million sq m, has been designed to encourage a community lifestyle supported by superb infrastructure and conducive environment for modern living that balances working and living conditions as it offers facilities for office, residential, retail, and recreational and leisure purposes.

 

Announcing this on Sunday, DMC said the development of the bsiness district of DMC received an emphatic boost as another 40 per cent of companies said they will sign contracts during the coming week. 

 

The properties, constituting a substantial portion of the Business District, are multi-purpose mixed-use developments and work will be initiated within 90 days from signing the contract in the first phase of the City.

 

The recently-opened Maritime Business Centre is also a subject of keen interest and companies are already establishing their offices within the centre. A dedicated office has been set up at the Centre to assist prospective investors and offer all support to ensure smooth registration.

    

Khamis Juma Buamim, the chairman of Drydocks World and Maritime World said, “We are delighted that we are able to deliver as promised, due to the sustained faith from the business community in the credibility and huge prospective advantages of the re-engineered and well-conceived and planned City, which is well on its way to becoming an iconic development on the maritime trade and business scenario."

 

"We have committed ourselves to resolve all issues of the past and I can confirm that the City is back on track to make a definitive impact as a unique setting for future growth and progress in all relevant areas of maritime and offshore related activity," remarked Juma Buamim.

 

"We have overcome the side-effects of global recessionary forces, and have reinvigorated our efforts as per the diktats of a resilient and buoyant market. We also encourage all those who are interested to join in as soon as possible so as not to miss the opportunity, as the time is ripe for investment," he added.-TradeArabia News Service