Investments Park in growth mode

Dubai Investments Park Development Company, which has leased 70 per cent of its second phase, has drawn up plans to launch the third phase by next year.

Khalid bin Kalban, chief executive of Dubai Investments, the holding company, and managing director of the Park, said the company will invest around Dh250 million in the third phase.

Around Dh3 billion has been spent so far on the second phase by Dubai Investments Park (DIP) and the 86 companies which have established their facilities in this phase.

The fourth phase of Dubai Investments Park, considered the region's only privately developed and managed fully integrated investment zone covering eight million square metres, will have commercial and residential projects.

"The response from investors in such a short time has exceeded our expectations and proves that the DIP is the perfect hub for industrialists and entrepreneurs," added bin Kalban.

In addition to the excellent facilities and services being offered, the strategic location of the park close to Jebel Ali Port and with the potential to reach a market of over 1.5 billion consumers in the region is another key attraction for both local and international investors.