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Dubai World Central (DWC), the world’s first purpose-built ‘aerotropolis’ and strategic initiative of the Government of Dubai, is gearing up to showcase major investment opportunities during its participation at Cityscape Global 2012, the highly influential event for the global real estate community taking place from October 2 to 4, 2012, at the Dubai International Exhibition Centre, in Dubai, UAE.
During Cityscape, DWC will be presented as a model of the successful integration of sound urban planning and sustainability into a visionary development that leverages Dubai’s status as a leading aviation, trade and business hub.
Dubai’s signature aerotropolis features the key elements required by tomorrow’s ‘Future Cities’ where massive urbanization requires an innovative approach to ensuring economic, social, environmental and urban sustainability. DWC also reflects the Dubai Government’s long-term commitment to diversified growth backed by key sectors such as aviation.
DWC offers numerous operational advantages due to its integration of a world-class airport and Logistics, Aviation, Exhibition and Humanitarian Districts. Moreover, the Residential and Commercial Districts will provide accommodation, office space and entertainment for people working at DWC as well as visitors. Meanwhile, construction is currently underway in the 6.7 kilometer Aviation District where state-of-the-art facilities for Fixed Base Operators (FBOs) & Maintenance Repair & Operations (MROs), aviation support services, design and consultancy, research and development, among others, are rapidly taking shape.
Dubai World Central also revealed that AED 17 billion has been invested so far towards developing infrastructure within DWC, including AED 2 billion invested in the Residential District.
International brands such as Nestlé and Aramex are currently operating alongside major regional players including Majestic Wings Private Airplane LLC in DWC. Resident companies stand to benefit from upcoming global industry events to be held in DWC, such as the Dubai Airshow 2013, Middle East Business Aviation 2012 (MEBA) and World Expo which Dubai is currently eyeing to host in 2020.
Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation, said, “Dubai’s adoption of aviation-centric growth reflects a broader, visionary commitment by the Government to diversification and sustainable economic development. Dubai is the perfect location for the world’s first aerotropolis to emerge with a fresh approach to urbanization that taps the emirate’s strategic position as a global commercial and logistics hub. DWC extends its invitation to developers and investors who want to be involved in one of the region’s landmark projects.”
“During Cityscape Global, we will highlight to our stakeholders that the aerotropolis is considered a major development model of this century. DWC is the self-sustained airport city of the 21st century which ushers in a new approach to growth for Dubai and the entire region,” he added.
Rashed Bu Qara’a, Chief Operating Officer, Dubai Aviation City Corporation, said, “From inception DWC has been nurtured as an aviation-enabled development that contributes towards reinforcing Dubai’s position on the world map. Strategically built to maximize multi-modal infrastructure, DWC is a development that mirrors Dubai’s aspirations to diversified prosperity. Cityscape Global is an ideal platform for us to show how securing prime space in DWC represents a solid business and investment move for local, regional and global organizations.”
John D. Kasarda, Director of the University of North Carolina’s Kenan Institute of Private Enterprise and a leading proponent and developer of the ‘aerotropolis’ concept, explains that airports have emerged as drivers of business location and urban development in the 21st century in the same manner that seaports, railroads and highways transformed civilization in the 18th, 19th and 20th centuries, respectively.
Regarded as the region’s most influential gathering for the global real estate community, Cityscape Global will provide key insights and the latest developments on the world’s foremost real estate markets. Dubai World Central will be among the major exhibitors entertaining global businesses interested in building and maintaining a presence across the vibrant Middle East real estate markets.
Dubai World Central is a project of Dubai Aviation City Corporation.