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

Dubai Industrial City posts robust growth in 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 20/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) dubai industrial city (dic), a member of tecom investments, witnessed a very successful year in 2013 with an impressive financial performance, where revenue increased by 33

The increase in revenue was driven mainly by land leases and warehouses lease, which registered an increase of 44.1 per cent and 51.6 per cent, 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 four times more than last year. moreover, warehouses’ occupancy rate reached 91 per cent and labour villages’ occupancy rate reached 79 per cent in 2013.


“growth in dubai industrial city continues to stress on the industrial sector success story in the uae, where the sector contributes with 10-14 per cent 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,” said abdullah belhoul, chief executive of dubai industrial city.


“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,” belhoul said.


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.


“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,” belhoul concluded.


— business?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Oct 21 2014 - Kuwait Stock Exchange Closes on Red NoteQatar News Agency
(MENAFN - QNA) Kuwait Stock Exchange (KSE) ended Tuesday's trading session in the red zone as weighted index read 482.16 (-2.45 points), KSX 15 index at 1,175.79 (-7.15 points) and the price index ...

 Oct 21 2014 - Qatar- Transport Minister Leaves for EgyptQatar News Agency
(MENAFN - QNA) HE Minister of Transport Jassim Saif Al Sulaiti left Doha Tuesday heading to Egypt to preside over the 27th session of the Arab transport ministers' meeting, which will be held at the ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Agreement with ArgentineQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 44 of 2014 ratifying an agreement establishing a joint commercial ministerial committee between the government of ...

 Oct 21 2014 - Qatar- HH the Emir Meets Turkish Interior MinisterQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani met here Tuesday morning in his Emiri Diwan office with Turkish Interior Minister Avkan Alaa and his accompanying delegation on the ...

 Oct 21 2014 - Qatar- Attorney General Meets French Education MinisterQatar News Agency
(MENAFN - QNA) HE the Attorney General Dr Ali bin Fetais Al Marri met here today with French Education Minister Najat Vallaud-Belkacem. During the meeting they discussed ways to strengthen and ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Education MoU with CyprusQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 45 of 2014 ratifying a Memorandum of Understanding in the field of education between the governments of the State ...

 Oct 21 2014 - Qatar- HH the Emir Ratifies Cooperation Agreement with MoroccoQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued Tuesday Decree No. 46 of 2014 ratifying a cooperation agreement between the governments of the State of Qatar and the Kingdom of ...

 Oct 21 2014 - Qatar- HH the Emir Appoints Ambassador to Azerbaijan /Local Press/Qatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Tuesday issued Emiri Decision No. 80 of 2014 appointing Sayar Abdulrahman Jassim Al Mauda as Ambassador Extraordinary and ...

 Oct 21 2014 - Qatar- Real Estate Transactions Worth over QR655 Million Last WeekQatar News Agency
(MENAFN - QNA) Real estate transactions between October 12 and 16 for the real estate sales contracts registered at the Ministry of justice are worth QR655,303,640, the real estate registration ...

 Oct 21 2014 - Qatar- Plastic, Printing and Packaging Expo Opens SundayQatar News Agency
(MENAFN - QNA) Qatar Plastic, Printing and Packaging (QPPP) exhibition opens at the Qatar National Convention Centre (QNCC) October 26. The three-day expo will showcase manufacturing processes, ...

more...


 






Google

 
 

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