Saturday June 15th, 2024
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Dubai Industrial City Undergoes AED 410 Million Expansion

The expansion follows a period of continued growth for Dubai Industrial City, with occupancy rates rising by 12% year-on-year.

Scene Now UAE

Dubai Industrial City Undergoes AED 410 Million Expansion

Dubai Industrial City has undergone a significant expansion, adding 13.9 million square feet to its ecosystem. This new land capacity, acquired through a AED 410 million transaction, aims to bolster local supply chains and promote domestic manufacturing within Dubai and the UAE at large.

This expansion comes in response to high demand for quality industrial spaces driven by initiatives such as ‘Operation 300bn’, ‘Make it in the Emirates’, and the Dubai Economic Agenda ‘D33’. The announcement was made during the Make it in the Emirates Forum in Abu Dhabi, attended by key figures such as Emirati Minister of State for Public Education and Advanced Technology Sarah Al Amiri.

The strategic expansion follows a period of growth for Dubai Industrial City, which saw land occupancy rates rise by 12% year-on-year, reaching 97% in the first quarter of this year. In 2023, the industrial hub's customer base expanded by 17%, now hosting over 1,000 local, regional, and international companies. The new land plots, situated in a prime, well-connected location, are set to further enhance Dubai Industrial City's capacity to support the UAE's burgeoning manufacturing sector.

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