Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Industrial City Witnesses an Impressive Growth In 2013  Join our daily free Newsletter

MENAFN Press - 19/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Dubai Industrial City, a member of TECOM Investments, witnessed a very successful year in 2013 with an impressive financial performance, where revenue increased by 33.2% and Ebitda registered 67.1%



The increase in revenue was driven mainly by land leases and warehouses lease, which registered an increase of 44.1% and 51.6% respectively. The City saw a remarkable growth on all sides, where it attracted 158 new companies in 2013.



Strong results were also achieved in all products in Dubai Industrial City, where the new industrial land leases grew 4 times more than last year. Moreover, warehouses' occupancy rate reached 91% and labour villages' occupancy rate reached 79% in 2013



Abdullah Belhoul, CEO of Dubai Industrial City said: "Growth in Dubai Industrial City continues to stress on the industrial sector success story in the UAE, where the sector contributes with 10-14% in the national GDP. The increase we have witnessed in 2013 also highlights our efforts in meeting the demand in this industry and our vision to provide a highly competitive platform for growth in the manufacturing and logistics sector in the UAE.



"Growth trend expected to continue, driven by industrial land leases, and we will continue to see a growing number of factories becoming operational this year. Investing in infrastructure and new assets will continue to be essential for us, in order to sustain this growth in the coming years.



According to the latest research from real estate consultancy Cluttons, momentum remains in the industrial property market with steady rates and growth throughout the UAE. Cluttons Q4 2013 report, the industrial market was bolstered by an improved economic climate, the successful win of Expo 2020, and the launch of passenger services at Al Maktoum International Airport, following the June 2010 inauguration of the airport as a cargo hub



A large number of local and regional companies chose Dubai Industrial City as a preferred destination for their operations, where a total number of 111 customers started constructions of their factories, and 10 new factories became operational including factories for: Al Marai, BYRNE, Al Reyami Group, Rasasi, Gulf Eternit, CAPAROL, Al Faris, Emirates Printing Press (EPP), FABTECH and standard Carpets



Dubai Industrial City supports a wide variety of sectors covering the majority of the manufacturing industry's requirements, especially in light to medium manufacturing sectors with specific emphasis on machinery and mechanical equipment, transport equipment and parts, base metal, chemicals, food and beverage, mineral and recently halal products.



Belhoul added: "The newly established Halal Cluster in Dubai Industrial City stems from our ambition to act as a true enabler of Dubai's ambition to become the global capital of the Islamic economy. With the support of Standards Department at Emirates Authority for Standardization and Metrology (ESMA), and Accreditation Department at Dubai Municipality, we have succeeded in creating a dedicated platform for companies and investors with halal operations in the UAE.



Dubai Industrial City is considered one of the largest industrial destinations in Dubai and is spread across 55 square kilometers (560 million square feet) of land. It was established to serve as a catalyst for the growth and expansion of the industrial sector in the United Arab Emirates - with specific emphasis on Machinery and Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products.



The City is home to over 500 companies, including: JUMA AL MAJID GROUP, Unilever, AL ROSTAMANI, Al Futtaim, Patchi, CEDARS Papers Industrial LLC., Al Habtoor Motors, SIEMENS, Dubai Islamic Bank, International Humanitarian City, Arabtec Construction L.L.C., The Kanoo Group and Transmed.


About Dubai Industrial City
Industrial City (DI), a member of TECOM Investments, is the second largest industrial real estate project in Dubai and is spread across 55 square kilometers (560 million square feet) of land. The industrial destination was established to serve as a catalyst for the growth and expansion of the industrial sector in the United Arab Emirates - especially in light to medium manufacturing sectors with specific emphasis on Machinery and Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products. Dubai Industrial City provides a cost effective and efficient business environment together with a number of industry supporting products and facilities including warehousing and logistics solutions, labour villages, vocational training, commercial space as well as a one stop shop for the issue of required licenses and permits.Dubai Industrial City is strategically located next to the new Al Maktoum Airport (Dubai World Central) and in close proximity to the Jebel Ali Free Zone. The City provides a traffic free environment with direct connections to the Emirates Road, Dubai By Pass Road providing easy and convenient access to global transportation points via road, air and sea.

 






  MENA News Headlines
 Jul 23 2014 - Death, displacement mar Eid in Sudan's DarfurAFP
(MENAFN - AFP) Shafia Abdullah's Sudanese family is consumed with thoughts of vengeance after militia shot him dead during the Muslim holy month of Ramadan, ending his advocacy for Darfur's displaced ...

 Jul 23 2014 - UN Emergency Fund gives 75 million to boost aid operations in the Sahel and Horn of AfricaMENAFN Press
(MENAFN Press) NEW YORK July 23 2014/African Press Organization (APO)/ -- United Nations humanitarian chief Valerie Amos has allocated US$75 million from the UN Central Emergency Response Fund (CERF) ...

 Jul 23 2014 - Greater efforts needed to protect MPs in Somalia IPU saysMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- The Inter-Parliamentary Union (IPU) has called for greater efforts to protect MPs in Somalia after the ...

 Jul 23 2014 - Orange and Emmas International launch their 5th African mobile telephone recycling facility in AbidjanMENAFN Press
(MENAFN Press) ABIDJAN Côte d'Ivoire July 23 2014/African Press Organization (APO)/ --  as part of its ongoing commitment to encouraging recycling of mobile devices launched in 2005 Orange ...

 Jul 23 2014 - Majid Al Futtaim posts USD3.5b H1 revenuesMENAFN
(MENAFN) Dubai-based shopping mall developer Majid Al Futtaim (MAF) posted a 14 percent growth in the first-half revenues, citing growing earnings across its business units, Emirates 24/7 ...

 Jul 23 2014 - Bahrain's BCFC profit up 13 percent in H1MENAFN
(MENAFN) Bahrain Commercial Facilities Company (BCFC) saw a 13 percent rise in consolidated net profit at USD19.1 million in the first half of the current year compared to USD16.88 million in the ...

 Jul 23 2014 - Africas oil amp gas sector continues to show substantial growth despite regulatory uncertainty and corruption according to PwC ReviewMENAFN Press
(MENAFN Press) JOHANNESBURG South-Africa July 23 2014/African Press Organization (APO)/ -- The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous ...

 Jul 23 2014 - PS McLeod to Announce New Funding for Humanitarian Assistance for Children in the Democratic Republic of the CongoMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ms. Cathy McLeod Parliamentary Secretary to the Minister of Labour and for Western Economic Diversification will host a ...

 Jul 23 2014 - MP Opitz to Make an Announcement Regarding Humanitarian Assistance in SomaliaMENAFN Press
(MENAFN Press) OTTAWA Canada July 23 2014/African Press Organization (APO)/ -- Ted Opitz Member of Parliament (Etobicoke Centre) on behalf of the Honourable Christian Paradis Minister of ...

 Jul 23 2014 - South Sudan Cholera threatens lives of thousands during harsh rainy seasonMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- With the rainy season nearly at its peak in South Sudan cholera continues to spread in the war-torn country. The ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help