UAE - Mubasher: Dubai Investments Park (DIP), the wholly-owned mixed-use development by Dubai Investments, on Monday revealed it has invested up to AED 1.5 billion in its infrastructure since inception.
The infrastructure investments across DIP included the completion of over 140-kilometre internal road network and enhancements of new entrances, road widening, and exit points, according to a press release.
These projects aim at facilitating the traffic flow to and from DIP, the release noted.
Additionally, two flyovers by the Roads and Transport Authority are currently operational at the Sheikh Zayed bin Hamdan Al Nahyan Street located between DIP 1 and 2 as part of the road enhancement projects.
“The project includes the enhancement of a service road of two lanes in each direction on the Sheikh Zayed bin Hamdan Al Nahyan Street and Al Yalayes Street, improving entries of Dubai Investment Park from Al Yalayes Street,” the release highlighted.
Omar Al Mesmar, general manager of DIP, said: “DIP’s strategic location makes it one of the most sought-after developments for tenants and businesses alike. DIP is working closely with authorities to broaden and upgrade infrastructure while continuing with relentless efforts to ensure integration amid public transport modes.”
“The expenditure on road and infrastructure has been a major growth factor in the region and these investments are vital to social and economic growth, and DIP is extremely proud to be proactively contributing to this developmental phase,” Al Mesmar added.
Moreover, nearly AED 125 million has been allocated to improve public facilities, conduct pedestrian track maintenance, upgrade existing infrastructure, and air condition bus shelters, which is expected to escalate from nine to 20 units by the end of 2019.
