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Mon 20 Oct 2008 06:33 AM

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19 firms invest $177mn in Dubai Industrial City

Another 140 applications for construction currently being scrutinised.

Dubai Industrial City has announced that 19 companies are currently investing more than $177 million in the construction of manufacturing units on the site.

Five of the 19 facilities, which include businesses related to base metal, mineral, transport, equipment and parts, as well as the food and beverage zones, are expected to be completed in 2008, while the remaining are scheduled to start operations by 2009.

Rashed Al Ansari, vice president of Dubai Industrial City, said the heightened construction activity indicated a remarkable sign of growth for the third largest non-real estate project in Dubai.

Al Ansari said: "The rapid occupancy rate reflects high investor confidence, increase in demand for commercial and office space, and the fast track development of Dubai Industrial City.

"The ongoing construction of manufacturing facilities within our boundaries confirms we will maintain our leading role in driving the emirate's status as the region's hub for the industrial sector."

More than 500 factories and manufacturing units for light and medium industries are set to be built across the six industrial zones by 2015.

"The massive construction activities across various zones are expected to gain further momentum with some of our more than 450 investors aiming to build multiple manufacturing units," Al Ansari added.

The Dubai Centre for Industrial Standards, Maqayees, which is in charge of managing and implementing all quality, health, safety and environment (QHSE) standards across the industrial hub, is currently scrutinising more than 140 applications for construction.

Two factories built by Conmix for pre-mixed plaster and concrete with a total capacity of 300,000 tones per year became operational earlier this year.

Located near Jebel Ali Port and Free Zone, the 560 million square feet Dubai Industrial City comprises six clusters - food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

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