Dubai Industrial City has launched 13.9 million sq.ft. of additional land capacity within its ecosystem, it was announced at the Make it in the Emirates Forum in Abu Dhabi.
The additional land capacity at Dubai Industrial City, part of TECOM Group, was acquired through an AED410 million ($111.6 million) transaction that aims to champion and strengthen local supply chains, stimulating homegrown manufacturing in the UAE and Dubai.
The strategically located, well-connected land plots enhance the manufacturing destination’s land bank and have been launched following exceptional performance witnessed by Dubai Industrial City in the past 18 months as pro-growth visions including Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’ lead to increased demand for high-quality industrial spaces in the region.
Surging growth
Land occupancy at the manufacturing destination grew by 12 percent year-on-year to reach 97 percent in Q1 this year. It followed a period of sustained growth in 2023, when Dubai Industrial City’s ecosystem of customers grew by 17 percent to reach more than 1,000 local, regional, and international heavyweights.
“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 socioeconomic growth that endures for generations,” said Saud Abu Alshawareb, executive vice president of industrial leasing at TECOM Group on behalf of Dubai Industrial City.
Expanding ecosystem
Dubai Industrial City’s ecosystem has grown in the past 18 months with the addition of international customers such as Indian pharmaceuticals giant Himalaya Wellness, which broke ground on an AED200 million factory supported by a financing package from Emirates Development Bank, and vertical farming specialist Sokovo, which opened an indoor farm on a plot spanning over 100,000 sq.ft. at the district.
Last week, Zambian company Neelkanth Cables Manufacturing LLC opened a 503,000 sq.ft. state-of-the-art facility to manufacture 20,000 MT of power cables per year through an investment of AED130 million at Dubai Industrial City. The launch followed the inauguration of Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – in February. Dubatt also signed a musataha agreement during the inauguration ceremony to expand the plant, raising its total investment to AED216 million at Dubai Industrial City, which is home to more than 300 operational factories.
Prime location
Launched in 2004, Dubai Industrial City is located close to Al Maktoum International Airport, Jebel Ali Port, an Etihad Rail freight terminal, and critical regional road networks, and offers specialised infrastructure, including industrial land, storage and logistics spaces across a sector-specific masterplan with dedicated zones for the base metals, machinery, minerals, F&B, transport, and chemical industries.
Dubai Industrial City is part of TECOM Group’s portfolio of business destinations that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Outsource City, Dubai Design District (d3), and Dubai Science Park.
For more economy news, click here.
