Dubai Industrial Park awards $37m contract for infra expansion
Wade Adams wins contract for a $37m (AED135m) infrastructure development and road expansion project spanning 1.4 million square metres in Dubai Industrial Park (DI)
Dubai-based contractor Wade Adams has been awarded a contract by Dubai Industrial Park (DI) for a $37m (AED135m) infrastructure development and road expansion project spanning 1.4 million square metres.
As the appointed general contractor, the firm will be responsible for the overall coordination of the project and the management of construction works.
Set for completion by the end of 2018, the project comprises two phases and will involve enhancements and expansion of the roads networks, followed by the implementation of ground work.
Saud Abu Al-Shawareb, chief operating officer at Dubai Industrial Park, said: “Dubai Industrial Park is committed to meeting the requirements of its business partners and enabling them to take advantage of available opportunities in contributing to the UAE’s economic diversification.
“The UAE’s economy is witnessing a significant growth in non-oil sectors, particularly in the industrial domain in line with the government’s focus and efforts to diversify the country’s economy and leverage its strategic location to serve as a trade corridor.”
The industrial sector grew by 3.4% in 2016 over the previous year, making up 9.5% of Dubai's total GDP, the annual results of the Dubai Industrial Strategy revealed.
Manufacturing increased 31.2% in 2016, with industrial GDP reaching $9.7bn (AED35.6bn). Total industrial exports also grew by 8.6% in 2016, reaching $39bn (AED143bn).
Additionally, the total volume of investment in the industrial sector in the UAE, by the end of H1 2017, amounted to more than $35bn (AED130bn), according to The UAE Ministry of Economy.
The total number of factories operating in Dubai Industrial Park today has reached 100, with an additional 120 factories currently under construction, increasing DI’s service network to more than 700 local, regional, and global business partners.