• Wade Adams appointed to complete the first phase of infrastructure addition
• Project to span 16 million square feet and 14 kilometers of road network
21 January, 2018: Dubai Industrial Park (DI), today announced the infrastructure development and road expansion project that will begin on its premises, adding 14 kilometers to its road network.
The expansion works stem from the park’s commitment to pre-emptively address the potential growth of the industrial sector in Dubai and wider UAE, which reflects the strides of the Dubai Industrial Strategy since its launch 2016. The AED135 million contract has been awarded to Wade Adams, a Dubai-headquartered general construction and project development company with international experience.
Saud Abu Shawareb, Chief Operating Officer at Dubai Industrial Park, said: “Dubai Industrial Park is committed to meet the needs and requirements of its business partners and enable them to take advantage of the opportunities available and contribute to the UAE’s economic diversification. The UAE’s economy is witnessing a significant growth in non-oil sectors, particularly in the industrial domain, for its leading contribution to sustainable economic growth, in line with the government’s focus and resilient efforts to diversify the country’s economy and leverage its strategic location to serve as a trade corridor.”
He added: “As a key partner in the Dubai Industrial Strategy, we are working relentlessly on developing the sectors that are crucial to the achievement of its goals and objectives. Moreover, Dubai Industrial Park provides a comprehensive and integrated environment for its business partners to enable them to realize their respective KPIs, boost their operations, and expand their presence.”
According to the annual results of Dubai Industrial Strategy, the industrial sector grew by 3.4 percent in 2016 compared to the year before, making up 9.5 percent of Dubai's total GDP. Additionally, manufacturing increased 31.2 percent in 2016, where industrial GDP reached AED35.6 billion in 2016. The results of the strategy showed that total industrial exports grew by 8.6 percent in 2016, reaching AED143 billion.
The UAE Ministry of Economy revealed that the total volume of investment in the industrial sector in the UAE, by the end of the first half of 2017, amounted to more than AED130 billion, marking an increase of 2 percent as compared to last year’s results of the same period. The contribution of the industrial sector to UAE’s GDP reached 16 percent, with efforts to reach 25 percent by 2025, where the sector is considered the largest contributor to GDP after oil and gas.
Dubai Industrial Park is a major contributor to Dubai’s positioning as a destination for international manufacturers and traders. DI has witnessed opening of the world's largest personal care product plant for Unilever, as well, to the inauguration of Patchi’s largest facility in the region. In addition, Bin Touq Transportation LLC has started the construction work of its new headquarters, and the inauguration of Al Faris Equipment Rental headquarters in the UAE. The total number of factories operating in Dubai Industrial Park amount to 100, with an additional 120 factories currently under construction, increasing DI’s service network to more than 700 local, regional, and global business partners.
Dubai Industrial Park awarded the AED135 million contract to Wade Adams, a Dubai-headquartered general construction and project development company with international experience. As the appointed general contractor, the firm will be responsible for the overall coordination of the project and the management of the construction works. The two-phased project will first involve enhancements and expansion of the roads networks, followed by the implementation of the ground-work spanning an area of 16 million square feet across the premises. The project is expected to be completed by the end-2018.