Dubai Industrial City Showcases Over AED5 Billion Industrial Offerings at Big 5 Show 2008

Leading Industrial Destination to Lease Out Warehouses, Open Storage Yards, Labour Accommodations and Premium Office Space during Event

Dubai: 23 November, 2008 - Dubai Industrial City, a member of Tatweer Dubai, today announced it is showcasing its diverse line up of industrial offerings, worth more than AED5 billion, at the Big 5 Show, the largest annual exhibition for the Middle East construction and contracting industry that opened today in Dubai.

The leading industrial hub is also offering on lease warehouses, open storage yards, labour villages and offices, during the event that will run until 27 November at the Dubai International Exhibition and Convention Centre.

Rashed Al Ansari, Vice President of Dubai Industrial City, said:

In our presence at this year’s Big 5 Show, we are displaying a wide range of offerings that are taking shape across the township and exclusively designed to support industrial investors. The UAE faces a paucity of warehouses, open storage yards, labour accommodations and offices, and we are fully geared to suitably match the requirements of companies and meet the market’s increasing demand with our spectrum of state-of-the-art facilities.

Currently, we have over 1.5 million square feet of warehouse space that has already been leased out by companies. Another 1.5 million sq. ft. of storage space is currently being built.  This is in addition to the five labour cities that we have developed, each accommodating 12,500 labourers and supervisors and featuring added service facilities such as cafeterias, shops, medical care units, postal offices, and playgrounds. Each city comprises 26 residential buildings that will be operational during the first quarter of 2009.

Dubai Industrial City is targeting construction, equipment and automobile companies for leasing over 2.8 million square feet of open storage yards. Furthermore,  its range of premium office spaces is ideally equipped to cater to companies that seek additional retail commercial space.

Al Ansari added:

Complementing our relentless endeavour to meet the diverse needs of companies, we have achieved tremendous success in fully leasing out our existing warehouse offerings, while registering an unprecedented demand for our unique components such as labour villages and open storage yards.

Since the opening of the first two factories at the destination by Conmix for pre-mix plaster and chemicals, Dubai Industrial City has marked significant growth in 2008 with over 19 factories currently taking shape at the industrial hub.

We are talking about investments of more than AED650 million and growing by the day as the number of companies building their factories in our entity is estimated to reach more than 500 units by the end of 2015,

 Al Ansari pointed out.

The 560 million square feet dedicated industrial destination comprises six clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

Complimentary facilities for logistics, warehousing, labour villages, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial City as a comprehensive one stop-shop destination that also provides customers with a critical competitive advantage in human resources, logistics and business operations.

Notes to Editors

About Dubai Industrial City:

Dubai Industrial City is the third largest non-real estate project in Dubai and is spread across 560 million square feet of land.

The project is the first dedicated industrial destination in Dubai and comprises six industrial clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

It is located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road.

The city is designed on a live, work and play model and offers a multitude of different complimentary facilities and services under its roof, for logistics, warehousing, labour cities, industrial training, in addition to commercial, residential and entertainment zones for schools, residence, shopping centres, recreation and entertainment facilities, as well as furnished apartments and hotels that position Dubai Industrial City as a comprehensive one stop-shop destination.

Dubai Industrial City provides tenants with a critical competitive advantage in human resources, logistics and business operations. The city is expected to accommodate around 500,000 people when it is completed by 2015.

About Tatweer:

Tatweer is a member of Dubai Holding and one of the largest and fastest growing business conglomerates in the region. Tatweer’s name is synonymous with some of the most ambitious developments in Dubai and an equally extensive portfolio of prestigious projects in the pipeline.

Launched in December 2005, Tatweer owns and manages a strategic group of entities across six diverse industry verticals: Leisure and Entertainment, Commodities, Healthcare, Hospitality, Manufacturing, and Real Estate. The operations are strategically grouped under two distinct divisions – Tatweer Dubai and Tatweer Investments.

Tatweer Dubai will focus on project development within the UAE and advance strategic long term partnerships such as Partners-Harvard Medical International; the internationally renowned golfer Tiger Woods; IRCA Global, and Universal Studios. Tatweer Dubai’s entities comprise Dubai Healthcare City (DHCC), the region’s hub for world-class quality healthcare services; Dubailand®, the world’s most ambitious tourism, leisure and entertainment destination; The Tiger Woods Dubai, the exclusive golf community home to the world’s first Tiger Woods designed golf course; Bawadi®, the largest hospitality, shopping and entertainment cluster in the world; Dubai Industrial City, a township to develop Dubai as a leading manufacturing hub; IRCA Middle East, a joint venture with International Risk Control Association IRCA Global, South Africa to provide comprehensive pure risk management solutions to a wide spectrum of industries in the MENA region; Global Village, bringing together 160 different countries showcasing myriad cultures;  and the Parks & Resorts DUBAILAND® featuring Universal Studios DUBAILAND®, Dreamworks DUBAILAND®, Six Flags DUBAILAND®, LEGOLAND DUBAILAND®, Marvel DUBAILAND®, Freej DUBAILAND® and HIT Entertainment.

Tatweer Investments will drive Tatweer’s foray into international markets, leveraging its synergy with leading global strategic partners. It will extend Tatweer’s existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. The entities under Tatweer Investment’s portfolio include Mizin, pursuing a vision to become the real estate developer of choice in the UAE; Dubai Mercantile Exchange, the premier international commodity futures exchange in the Middle East; and new businesses in the food and beverage industry forged through alliances with leading international brands.

For further information Agency:     
Aseel Nihad     
Account Manager   
Jiwin the Public Relations
Phone: +971 4 3613584   
Email: aseel.nihad@jiwin.ae

Or

Dubai Industrial City:
Nagy Sedra
Assistant Marketing Manager – PR
Dubai Industrial City
Tel: +971 4 3643400
E-mail: nagy.sedra@dubaiindustrialcity.ae