Dubai Investments Park launches phase 5

Dubai Investments Park Development Company (DIPDC) has announced a comprehensive development plan for phase 5 of the Dubai Investments Park project.

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By  Neil Denslow Published  October 10, 2005

Dubai Investments Park Development Company (DIPDC), a subsidiary of Dubai Investments PJSC, has announced a comprehensive development plan for phase 5 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 $32.7 million on this phase. The entire project is scheduled for completion by February 2006. “The launch of the fifth phase of Dubai Investments Park 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 Khalid Bin Kalban, CEO & managing director of Dubai Investments PJSC. “The fifth phase will cater to the growing demand from various industries for facilities with high quality infrastructure and support services. Companies operating from Dubai Investments Park will also have several strategic advantages, such as a favourable geographic location and proximity to the sea and air ports.” The new development represents 9.4% of the total area of Dubai Investments Park. As well as creating industrial infrastructure, DIP is developing community amenities. It has signed leases with six international schools.

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