Third phase of Dubai Investments Park project announced
Dubai Investments Park Development Company (DIPDC) has announced a comprehensive development plan for Phase 3 of their Dubai Investments Park project following the completion of Phase 1 and 2 of the region's only privately developed investment zone.
Phase 3 of Dubai Investments Park covers the development of land for industrial and residential purposes on an area of 200 million square feet. More than 100 local and foreign companies are currently based at the Park with another 124 industrial units ready for lease.
Phase 2 of the Park development was undertaken at an estimated cost of 45 million Emirati dirhams ($12.2 million) and is spread over an area of 20 million square feet. Phase 1 of the Park, which accounts for 12 percent of the total area of the project, was completed at a cost of Dh 120 million. — (menareport.com)
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