Dubai Investments Park (DIP), an integrated residential, commercial and industrial community in the Middle East and wholly-owned by Dubai Investments (DI), has attracted 436 new companies in the first five months of 2015.

The addition of the new companies has taken the total number of companies within the 2,300-hectare development to nearly 4,500, said a statement.

During the period, the new companies leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 sq ft, it added.

The sub-tenants comprise brands such as Splash Gulf, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading, among others.

This marked a 20 per cent increase in commercial space allotments in the period compared to the last year, it said.

Omar Al Mesmar, general manager of DIP, said: “DIP is fast reinforcing its identity as the preferred business destination and its proximity to the Expo 2020 site makes it a favoured option for investors and end-users.

“The massive growth in number of DIP sub-tenants this year is a sign of the growing reputation of DIP, as it continues to evolve into a self-contained city-within-a-city and the most sought-after destination for businesses eyeing good return on investments,” he said.

“Over the last 15 years, DIP’s strategy has centred on supporting UAE’s GDP by attracting big businesses across a wide array of sectors to its industrial park. Apart from world-class logistics, DIP offers a business-friendly environment and strategic location – both for local consumption and access to key transit points in order to cater to the export markets,” he added. – TradeArabia News Service