Source- zawya.com
ABU DHABI – Dubai Industrial City has attracted more than AED1.7 billion in total investment in key economic sectors over the past 12 months, including food and beverage, heavy engineering, energy solutions, automotive and light manufacturing, the district announced at the ‘Make it in the Emirates’ forum.
The investment attracted by Dubai Industrial City, part of TECOM Group PJSC, underlines the district’s central role in supporting the UAE’s industrial strategy and cements its position as a leading destination for foreign direct investment (FDI) from manufacturers seeking global and regional growth from Dubai.
“Fostering advanced industries is essential for long-term economic growth and Dubai Industrial City is committed to promoting such indigenous excellence in the UAE,” said Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group.
He added: “The investment attracted over the past year speaks to the attractiveness of our supportive ecosystem for manufacturers and investors from around the world and its contribution to Dubai’s position as a leading global centre for foreign direct investment. We will continue to play a key role in cementing the UAE and Dubai as global industrial powerhouses, in line with the objectives of Operation 300bn, Make it in the Emirates and the Dubai Economic Agenda ‘D33’.”
Last year saw significant growth in six dedicated zones in Dubai Industrial City for the base metals, machinery, minerals, F&B, transport and chemicals sectors.
The investments made last year build on Dubai Industrial City’s reputation as a preferred location for manufacturers with specialised infrastructure such as industrial sites, warehousing and logistics space.
Among the new customers that have set up shop in Dubai Industrial City over the past year is Elite Group Holding, a diversified UAE-based conglomerate, which will build a AED 100 million, 1 million square metre integrated facility to support growth in the automotive and e-commerce sectors. Pure Ice Cream, the maker of brands such as Baskin-Robbins Ice Cream and Kwality Ice Cream, is also developing an AED 80 million manufacturing facility in Dubai Industrial City, while OZON Pharmaceuticals will build a manufacturing centre worth more than AED 293 million, covering 150,700 square metres, in the district.
The ‘Make it in the Emirates’ forum provides a platform for industry leaders such as Dubai Industrial City to shape the future of the region’s manufacturing sector and advanced industries.
Home to more than 1,100 local, regional and international manufacturers and over 350 factories, the district is a vital link in the global supply chain and provides connectivity to regional and international markets.
Dubai Industrial City is close to Jebel Ali Port, Al Maktoum International Airport, an Etihad Rail cargo terminal and major road networks, providing access from Dubai to a huge consumer market just an eight-hour flight from two-thirds of the world’s population.
