Business | Property
Dubai Industrial City gives priority to Al Quoz firms
Priority leasing of its warehouses to businesses affected by the massive warehouse fires that took place last week in the Al Quoz area.
- Staff Report
- Published: 00:55 March 30, 2008
Dubai: Dubai Industrial City, a member of Tatweer, announced on Saturday that it is offering priority leasing of its warehouses to businesses affected by the massive warehouse fires that took place last week in the Al Quoz area.
Rashed Al Ansari, chief executive officer of Dubai Industrial City, said that the swift initiative from the industrial hub comes as part of its obligation and long-term commitment to support the industrial sector.
"We are currently leasing 1.5 million square feet of warehouses in our township, and these storage facilities were built to support the businesses of industrial investors across Dubai.
"Those who suffered losses in the latest fires have priority to lease our warehouses at reduced rates, considering the challenges they are facing," he said.
Disaster
Dubai Industrial City's initiative follows last Wed-nesday's huge fires that engulfed more than 80 warehouses in Al Quoz following an explosion in a fireworks warehouse.
The fires that stretched one kilometre are considered one of the biggest in the history of Dubai, causing losses estimated at Dh600 million.
"Business owners need to obtain official documentation from the concerned authorities indicating that they have been affected by the incident to be eligible for our initiative. Our Client Relations Department is briefed and ready to receive the business owners and address all their enquiries on telephone 04-3300088," said Al Ansari.
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