Dubai Industrial City boosts regional presence via AED 410m land capacity expansion

Dubai Industrial City boosts regional presence via AED 410m land capacity expansion

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release.

The additional land capacity was acquired through a AED 410 million transaction that aims to boost local supply chains, reinforcing homegrown manufacturing in the UAE and Dubai.

Land occupancy at the manufacturing destination increased by 12% year-on-year (YoY) to reach 97% in the first quarter (Q1)of 2024.

The positive performance followed a period of sustained growth in 2023 when Dubai Industrial City’s ecosystem of customers grew by 17% to exceed 1,000 local, regional, and international heavyweights.

Saud Abu Alshawareb, Executive Vice President of Industrial at Tecom Group, stated: “The manufacturing sector is essential to accelerate the development of smart solutions that can pre-emptively solve tomorrow’s challenges, and nurturing its growth is essential to safeguard socio-economic growth that endures for generations.”

“Dubai Industrial City’s expansion is an embodiment of our commitment to enabling the industrial and logistics sectors not just in Dubai, but indeed the UAE and globally,” Alshawareb continued.

He indicated: “Guided by the vision of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’, we are well-attuned to the needs of our community and