DIP grows with 280 new sub-tenants in first four months of 2017

Dubai Investments Park, DIP, a wholly-owned subsidiary of Dubai Investments, has announced that 280 new sub-tenants have leased premises within DIP between January and April 2017.

The new leases during the period under review included 219 warehouses, 38 offices and 23 commercial units, bringing the total number of operational companies within DIP to over 4,880, covering a wide range of industries from medium to light industrial units in aluminium, steel, chemicals, pharmaceuticals, textiles, plastics, oil and gas, construction, building materials and contracting sectors.

The surge in tenants reflects the growing eminence of DIP, driven by its strategic location, state-of-the-art facilities, business-friendly environment and world-class logistics.

Commenting on the announcement, Omar Al Mesmar, General Manager of DIP, said, "The spurt in the number of sub-tenants in the January-April 2017 period is a very encouraging sign for DIP’s growth plans. Over the last 19 years, DIP has played a pivotal role in attracting companies and industries from across the region and the globe. DIP’s proximity to Expo 2020 Dubai site and Dubai South also makes it the preferred destination for both investors and end-users."

Al Mesmar added, "DIP has consistently developed its road network with increased accessibility to and from the park with the new Al Houdh Interchange, besides upgrading its infrastructure, services and facilities and coupled with this, the proposed Dubai Metro Route 2020 line passes through DIP, all of which continue to attract new tenants into the development."