Friday 18 October 2019
 
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DP World starts infrastructure work at maritime city

DUBAI, 29 days ago

DP World Group, the leading enabler of global trade and an integral part of the supply chain, has announced the start of Phase One of the infrastructure development work within the Dubai Maritime City (DMC) at an investment of Dh109 million ($29.6 million).

A leading maritime cluster in the region, DMC plays a strategic role in the region bringing industry and commercial needs under one umbrella.  

The Infrastructure Phase 1 project will also see the integration of DMC in the Mina Rashid area that includes the QE2 Hotel, Marina Fitness 72 and other commercial and residential facilities. The project, which is connected by a causeway to Dubai’s major road network, is expected to be completed in early 2021.

The move is aimed at enhancing the infrastructure of DMC to support and enable all the commercial sub-developers to complete their project, said Sultan Ahmed Bin Sulayem, DP World Group’s Chairman and CEO while speaking at the groundbreaking ceremony.

The scope of work includes new roads and paving, sewerage and storm water systems besides irrigation, telecom connectivity, street lighting, electrical works, a pump station, and maintenance of existing services.

The development of the commercial area will enhance DMC’s position as a leading maritime services provider, stated the top official.

The commercial precinct is a mixed use area planned to consist of retail, residential, office towers and a promenade with a mesmerizing living and working environment and breathtaking sea views, all within a vibrant community.

"Development of Phase I comes at an important time with upgraded facilities and services to existing and potential customers. We look forward to its continued success and contribution to the economy, creating jobs at the heart of Dubai," noted Bin Sulayem.

DP World operates multiple related businesses – from marine and inland terminals, marine services, logistics and ancillary services, to technology-driven trade solutions, he said.

"Our portfolio of more than 150 operations in 46 countries across six continents gives us a significant presence both in high-growth and mature markets," he added.-TradeArabia News Service




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