Dubai Industrial Park invests AED350mn in new light units

Dubai Industrial Park has invested AED350mn for the industrial units and refrigerated warehouses project, COO Saud Abu Al-Shawareb announced on the sidelines of the Gulfood Exhibition.

The chief operating officer added that the new project is expected to be completed by next June, as part of the third phase of the industrial complex, as the occupancy rate in the previous two phases reached 90%.

The light industrial units and refrigerated warehouses span over 14ha in order to meet the needs of the working institutions and manufacturers.

The COO also noted that Dubai Industrial Park plans to reach another milestone in infrastructure by announcing, in the second quarter of 2017, the coverage of four sectors, basic metals, food products, construction materials, and basic equipment and machinery, without revealing the value of the new investment.