The Dubai Investment Park (DIP) management has confirmed that Expo 2020 Dubai will have a positive impact on the DIFC's activities. Occupancy rates in the DIFC's residential, commercial and industrial areas will rise to 100% during and after the event.
She attributed these positive effects to the geographical proximity of the complex to the exhibition area, the new metro line in the complex, as well as a public transport network linking the complex with the exhibition or other areas in Dubai, thus enhancing the attractiveness of exhibitors and visitors to the complex. Add to companies.
Positive effects
In detail, the Director General of the Dubai Investment Park, affiliated to «Dubai Investments», Omar Al-Musmar, said that «Expo 2020 Dubai» will have positive economic effects on different areas in Dubai and the UAE, and significant repercussions on the areas of the Dubai Investment Park, for several factors, from Most notably, the complex is geographically close to the exhibition site and the construction of a new metro line in the complex is currently in the experimental stages, which will contribute to linking with the exhibition area, as well as a diverse public transport network that will link the complex to the site «Expo 2020 Dubai», or other areas of Dubai. He added that these factors will be an effective incentive to attract a number of exhibitors, representatives of companies or visitors to the exhibition, to stay and work in the areas of the complex, in addition to attracting new companies in commercial and industrial sectors, whether to establish its business before and during the exhibition, or after the completion of the exhibition. During the warehouses, or headquarters of their businesses, pointing to the advanced infrastructure facilities in the complex, which positively affect the decisions of companies and investors.
Key areas
He pointed out that the Dubai Investment Park, which is located on a total area of 17 million square meters, is divided into three main areas, namely: Industrial Zone, which accounts for 65% of the area of the complex, and includes the headquarters of companies and warehouses in various industrial sectors, most notably food, beverages, and supplies Construction, energy and furniture accessories.
He pointed out that the current occupancy rates in the area allocated for industrial sectors ranged between 80 and 85%, while it is expected during the next year ahead of the period of the Expo 2020 Dubai, and until the period after the exhibition, that occupancy rates in that region to reach 100%.
Attract companies
He pointed out that the major industrialized countries from Europe and Asia will participate in «Expo 2020 Dubai», and companies resort to rent warehouses close to the exhibition, while other companies are expected to establish work after the exhibition in Dubai, therefore, the complex will be one of the most prominent recruits for those industrial works . He revealed that the management of «Dubai Investment Park» intends to introduce new land areas for light and medium industries by the end of this year or the beginning of next year, to provide additional opportunities for companies expected to attract through «Expo 2020 Dubai», and meet the growing demand in the sector.
residential area
He added that the second area in the complex is «residential», which represents 25% of the total area of the complex, including residential buildings and hotels, while occupancy rates in the region is currently about 75%, and is expected with the entry of «Expo 2020 Dubai» to increase the proportion of between 95 and 100%. He added that the residential area currently includes five hotels, all of which will benefit from the activities of «Expo 2020 Dubai», in addition to a new hotel currently under implementation, is expected to enter service during the first quarter of 2020 under the name «Armada 2».
Commercial Area
He pointed out that the third area of the complex is «commercial», and is divided into offices, shops, showrooms and sale, while the current occupancy rates in showrooms and sales 85%, is expected to rise to 100% by «Expo 2020 Dubai», while the proportion of works The current business office is up to 60% and is expected to rise to 90% with the events of the International Fair.
Development plans
Al-Mesmar said that the management of the complex is working on the implementation of plans for the continuous development of infrastructure facilities, and within the framework of this will be delivered at the end of January next a new power plant named Station No. 7, or «132 KV station», with a capacity of 120 MW, which is a new addition In the energy sector of the complex, pointing out that the management of the complex motivates its companies to move to the use of renewable energy sources, and some companies have already started to work on the use of solar energy systems.
Modern rental
The Director General of the Dubai Investment Park, Omar Al Mesmar, revealed that the management of the complex has recently signed a contract with a Chinese company involved in the construction of the «Union Train» project to rent commercial offices with areas up to 11 thousand square feet, in a major initiative to take advantage of the site of the complex in Project establishment processes.
Strategic location
The complex takes advantage of the attractive investment climate of new international companies that prefer to start their business to the markets of the region through Dubai, as well as the strategic geographical location that connects the complex with a flexible road network making it 20 minutes from the center of Dubai, in addition to its proximity to Jebel Ali Port. From Al Maktoum International Airport and Dubai World Center, with easy access to the complex through Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road.