Dubai South Welcomes 650 New Companies

Dubai South Welcomes 650 New Companies

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced that its Business Park succeeded in attracting 650 new companies as well as leasing of 945,488 square feet of space in 2020 despite the challenging times that businesses went through.

In light of the impact of COVID-19 on the business landscape last year, Dubai South realigned its offerings and rolled out an array of stimulus packages to support its growing business community and to help clients at the Business Park and Business Centre mitigate challenges arising from the circumstances. These stimulus packages helped the Business Park retain 90% of companies operating within it.

In his comments, HE Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation & Dubai South, said: “Last year was an unusual year for everyone, and the challenges it brought about affected most industries across the world, especially brick and mortar ones. We are pleased to see that the market has started to return to pre-pandemic levels and that our Business Park surpassed our potential clients' aspirations. We will