Dubai: Dubai Investments Park (DIP) owned by Dubai Investments (DI), said on Tuesday it attracted 436 new companies in the first five months of 2015, taking the total number of companies within the 2,300-hectare development to nearly 4,500.

During the period, the new companies leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 square feet, and included sub-tenants such as Splash Gulf LLC, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading, among others.

This marked a 20 per cent increase in commercial space allotments in the period compared to the last year, the statement said.