UAE set for industrial construction growth

Work is to start on the first phase of Emirates Industrial City

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By  Conrad Egbert Published  September 10, 2005

The UAE is braced for a massive upsurge in industrial warehouse construction with more than 10 million m2 of new space under development. Dubai Investments Park Development Company and Saudi-based Al Hanoo are promoting rival mega-industrial schemes in Dubai and Sharjah, which will both come on stream early next year. Both developers are racing to finish their schemes first and be in poll position to attract industrial occupiers to their new parks. Work is about to start on the first phase of Emirates Industrial City - the largest industrial development project in the emirate of Sharjah. The first phase of the project will be complete and operational by early 2006 according to Sheikh Abdullah Al Shakra, chairman of Al Hanoo Holding Company, the Saudi developer and owner of the landmark project. Located in the Saja'a district of Sharjah along the Dubai Ring Road, the 7.7 million m2 industrial park will comprise of eight sectors accommodating over 3000 medium and light industrial operations as well as commercial enterprises and residential areas. “Sharjah is already home to 45% share of all the industrial facilities in the United Arab Emirates and will continue to attract industrial investment from across the region for the foreseeable future,” said Sheikh Al Shakra. While Al Hanoo prepares to start work in Sharjah, Dubai Investments Park Development Company has announced a comprehensive development plan for phase five of the Dubai Investments Park project. The fifth phase will be divided into five sub areas covering a total area of 3.7 million m2, and will accommodate light industries, hi tech industries and employee accommodation. Dubai Investments Park has so far invested over US $32.6 million (AED 120 million) on this phase. The entire project is scheduled for completion by February 2006. “The fifth phase will cater to the growing demand from various industries for facilities with high quality infrastructure and support services. “It comes at a time when the business sector in Dubai is growing at a rapid pace, with industries looking to majorly expand their operations in the region,” said Dubai Investments chief executive Khalid Bin Kalban.

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