By: Amr Adel
Dubai - Mubasher: Dubai Industrial Park has dedicated investments of AED 350 million for the industrial units and refrigerated warehouses project, CEO Saud Abu Al-Shawareb told Mubasher on the sidelines of the Gulfood Exhibition on Sunday.
Abu Al-Shawareb added that the new project is expected to be completed by next June as part of the third phase of the industrial complex. Occupancy rate in the previous two phases reached 90%.
The light industrial units and refrigerated warehouses span over 1.5 million square feet, in order to meet the needs of the working institutions and manufacturers.
The CEO also noted that Dubai Industrial Park plans to reach another milestone in infrastructure by announcing in the second quarter of 2017 the coverage of four sectors: basic metals, food products, construction materials, and basic equipment and machinery, without revealing the value of the new investment.
