Dubai Investments Park signs agreement with BaySystems Pearl
BaySystems Pearl, a joint venture between Bayer MaterialScience and Pearl Insulation Materials Industries, has signed an agreement with Dubai Investments Park, the largest integrated business and residential community in the Middle East and wholly owned by Dubai Investments, to relocate its regional offices and production facilities to DIP.
The agreement was signed between Omar Al Mesmar, General Manager of Dubai Investments Park, and Feroz Saleem, Managing Director of BaySystems Pearl.
A regional pioneer in polyurethane technology, BaySystems Pearl produces customized solutions based on proven polyurethane system brands, drawing on the wide-ranging polyurethane expertise of Bayer MaterialScience, one of the world’s leading manufacturers of polyurethane raw materials. BaySystems Pearl’s new facility at DIP will be built on a 20,000 square meter plot.
Commenting on the agreement, Omar Al Mesmar said, “We are delighted to have BaySystems Pearl join the DIP community. DIP is renowned for the world-class infrastructure facilities it offers tenants, and the Park’s strategic location and close proximity to the Jebel Ali port and the upcoming Al Maktoum International Airport are sure to constitute a major logistical advantage for BaySystems Pearl. BaySystems can look forward to every support and assistance from our side as they seek to grow their business and take their regional operations to the next level.”
Feroz Saleem, Managing Director of BaySystems Pearl, said, “As the leading provider of polyurethane systems for the construction, automotive and comfort industries in the region, BaySystems Pearl will now be closer to one of its most vibrant markets with its new home at Dubai Investments Park. DIP offers the right blend of industrial facilities and an efficient development infrastructure, which made it the obvious choice for BaySystems when deciding on a relocation destination.”
“From its new facility at DIP, BaySystems Pearl will provide the technology and processing know-how for energy-saving insulation applications that contribute significantly to the green building drive in the Middle East,” Saleem added.
Dubai Investments Park is a self-sustaining city within a city, spread across an area of 32 million square meters consisting of three zones – Industrial, Commercial, Residential and Educational. The numerous projects undertaken at the DIP have been designed to complement each other in a community-themed master plan that provides for all aspects and requirements of a typical flourishing society.