Inkas to open $15mn DIP vehicles production plant
Inkas Armoured Vehicles has revealed its intention to open the region’s largest armoured vehicles production facility in Dubai Investments Park (DIP), UAE
Inkas Armoured Vehicles is to open a production plant in Dubai Investments Park (DIP).
At almost 15,000m2 and an investment of $15mn, it will become the largest manufacturing facility for armoured vehicles in the region.
The latest facility will be Inkas’ second DIP plant, and will be used to produce executive SUVs, armoured cars, luxury sedans, and special-purpose military vehicles.
“DIP offers a unique infrastructure that is tailored for the armoured vehicles industry,” said Ulugbekhon Maksumov, CEO of Inkas Armoured Vehicles.
“At present, Inkas is manufacturing 1,000 vehicles annually at its existing plant within DIP, and this will be augmented to 1,600 vehicles with the new factory.
In addition to catering to the UAE market, vehicles produced at Inkas’ new plant will be exported to other areas of the Middle East, North America, North Africa, and Asia.
“Certified by recognised ballistics laboratories worldwide, Inkas Armoured Vehicles ensures 100% compliance with the world standards, and we aim to further build on our market leadership with the new facility,” said Maksumov.
“We expect sales of AED1.2bn ($327mn) in the coming two years,” he revealed.
Omar Al Mesmar, general manager of DIP, added: “Over the last 17 years, our endeavour at Dubai Investments Park has been centred on supporting UAE’s GDP by attracting big business to our business park.
“These include some of the leading names across a wide array of sectors. Apart from world-class logistics, DIP offers a business-friendly environment and proximity to key transit points for exports.
“These are the key requirements for armoured vehicles manufacturing,” he concluded.