FINANCIAL NEWS

UAE’s DIP announces completion of 1st stage at phase-8

07 Mar 2012

(MENAFN) Dubai Investments Park’s (DIP) General Manager, Omar Al Mesmar, said that construction of the park’s first stage at phase-8 has been finished, reported Emirates 24/7.

Al Mesmar added that the phase would house 16 buildings with 10 warehouse units of 780 square meters each.

He also said that phase-8 is the final zone in the master plan for the firm and focuses on logistics services, moreover, it would feature light industries.

On the other hand, he announced that the second stage of phase-8 is forecasted to be finished in July next year, and would add additional 1.4 million sq. feet to the existing light industrial zone.

It is worth noting that DIP is the largest integrated business and residential community in the Middle East and is wholly owned by Dubai Investments.

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