GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

 
  Share
  • Wade Adams appointed to complete first phase of infrastructure addition
  • Project to span 16 million square feet 
Dubai-UAE: 21 January, 2018:  Dubai Industrial Park (DI), a designated district within Dubai Wholesale City (DWSC), today announced the AED135 million infrastructure development and road expansion project spanning an area of 16 million square feet that is set to commence on its premises.
 
The expansion works stem from the park's commitment to pre-emptively address the potential growth of the industrial sector in Dubai and wider UAE, which reflects the strides of the Dubai Industrial Strategy since its launch 2016. The contract has been awarded to Wade Adams, a Dubai-headquartered general construction and project development company with international experience. 
 
As the appointed general contractor, the firm will be responsible for the overall coordination of the project and the management of the construction works.  Set for completion by end-2018, the project comprises two phases. The project will involve enhancements and expansion of the roads networks, followed by the implementation of the ground-work across 16 million square feet. The project is expected to be completed by end-2018.
 
Saud Abu Al-Shawareb, Chief Operating Officer at Dubai Industrial Park, said: “Dubai Industrial Park is committed to meeting the requirements of its business partners and enabling them to take advantage of available opportunities in contributing to the UAE's economic diversification. The UAE's economy is witnessing a significant growth in non-oil sectors, particularly in the industrial domain in line with the government's focus and efforts to diversify the country's economy and
leverage its strategic location to serve as a trade corridor.” 
 
He added: “As a key partner in the Dubai Industrial Strategy 2030, we are working relentlessly to develop the sectors that are crucial to the achievement of its goals and objectives. Moreover, Dubai Industrial Park provides a comprehensive and integrated environment for its business partners to enable them to realize their respective KPIs, boost their operations, and expand their presence.” 
 
According to the annual results of Dubai Industrial Strategy, the industrial sector grew by 3.4 percent in 2016 over the previous year, making up 9.5 percent of Dubai's total GDP. Additionally, manufacturing increased 31.2 percent in 2016, with industrial GDP reaching AED35.6 billion in 2016. As a positive outcome of implementing the strategy, total industrial exports grew by 8.6 percent in 2016, reaching AED143 billion.
 
The UAE Ministry of Economy revealed that the total volume of investment in the industrial sector in the UAE, by the end of H1 2017, amounted to more than AED130 billion, marking an increase of 2 percent as compared to the same period in 2016. The contribution of the industrial sector to UAE's GDP reached 16 percent, and is projected to reach 25 percent by 2025, with the sector considered the largest contributor to GDP after oil and gas.
 
Dubai Industrial Park is a major contributor to strengthening Dubai's status as a destination for international manufacturers and traders. DI has witnessed the opening of the world's largest personal care product plant for Unilever, as well as the inauguration of Patchi's largest facility in the region. In addition, Bin Touq
 
Transportation LLC has started construction work of its new headquarters, and the inauguration of Al Faris Equipment Rental headquarters in the UAE. 
The total number of factories operating in Dubai Industrial Park currently amounts to 100, with an additional 120 factories currently under construction, increasing DI's service network to more than 700 local, regional, and global business partners. 



Posted by : GoDubai Editorial Team
Viewed 15384 times
Posted on : Sunday, January 21, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : There's No Stopping the Shopping as Yas Mall Extends Sales Until 31 January
Next Story : Awqaf and Minors Affairs Foundation Inaugurates Khalaf Ahmad Al Habtoor's Endowment Project Worth AE...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
NARS Erdem SS19 Beauty Report
Diana Arno Expands Online Shopping to Middle East
Introducing Home Fragrance at Robinsons, Dubai Festival City
Introducing VK Beauty Lounge & Bar
Defying Age With Skin Republic's Gold and Platinum Face Masks
The Future Is Here
Roberto Cavalli's Exclusive Duo of Fragrances
Lacoste.12.12 Collection
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
FOREO To Attend TFWA: the World's Largest Travel Retail Show
Trevor Sorbie Range Relaunches in the UAE
Dubai Parks and Resorts Celebrates Saudi National Day
Honor Set to Go Beyond Limits With the Launch of Honor 8x
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join...
Pamper yourself at Perfumery & Co this month, at The Dubai Mall
The Mummies of Dubai Give Their Kids a Preppy Style Makeover
GROHE Smart Home: The App-Controlled Water Security System
Huawei Deepens Cooperation with Duisburg to Transform Germany's Industrial Hear...
Ministry of Human Resources and Emiratisation, Huawei and Honor launch ICT Compe...
New GUESS Handbags for FW18
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October
Hyperloop Transportation Technologies, Partners, and Government Stakeholders Mov...
William Collection by Hugo Boss
Al-Futtaim ACE launches its stylish new Outdoor collection
du Wins Smart Cities Award at the Telecoms World Middle East 2018
Tips & Toes Hits the Big 3-5!
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
Dubai Design Week continues to grow, cementing Dubai as the design capital of t...
Eberhard & Co. Scafograf 100 For Elegant Lady
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Consonni Wraps Up La Vuelta a Espana With a Seventh Place Finish for UAE Team Em...
Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
Akamai Unveils Solutions at IBC 2018 Designed to Mitigate the Challenges and Cos...
Cadillac XT4 Delivers Dynamic Driving Experience
WWE® Crown Jewel Set for November 2 in Saudi Arabia
du Opens New Business Centre in DIFC for Enterprise Customers
New Homologations for Pirelli Tyres
The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of li...
Volunteers from the UAE join hands with the community in Tasset Peulh village in...
Sharjah's Recognition as ‘Accessible City for Physically Disabled' Hailed as His...
Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show
2018 FW in style at Zippy
The Dubai Business Women Council meets with the UN Assistant Secretary-General t...
Fidu Properties unveils second office in Dubai; eyes expansion in UAE
Registration for the 5th edition of Camel Trek is now open
New Headmaster for Repton School, Abu Dhabi School's Rose Campus (FS1 to Year 1...
Huawei becomes one of the first multi-national technology companies to register ...