Gulf Construction Online - Dubai South logs 400pc growth in firms

Real Estate

Dubai South logs 400pc growth in firms

01 August 2018

The Business Park at Dubai South recorded a 400 per cent growth in companies operating in the park since its inception in early 2015 with the number of companies increasing from 900 in 2015 to 4,500 in 2018.

An average of 1,500 new companies have joined the park each year. The park also has a high customer retention rate of 98 per cent.

The Business Park at Dubai South offers an environment that enables and encourages businesses to grow, which is due to the various services provided to tenants and the companies operating in the park including the latest technologies and a strategic location that is close to both Jebel Ali Port and Al Maktoum International Airport, says a spokesman for the zone.

Another attractive feature of the park is its state-of-the-art infrastructure that provides various transportation, telecommunications, and logistics services to its customers.

Shoaib Al Rahimi, vice president of Business Park at Dubai South, states that the Business Park has become a leading destination for companies to set up their business due to a variety of flexible options and solutions that are available for both small and large companies, in addition to the high quality of services and the variety of facilities offered to companies.

Al Rahimi points out that the lease space of the park equals 2.3 million sq ft, and the offices of the headquarters have all been fully leased out. He also adds that 65 per cent of the first phase of the Business Park had been leased out and the second phase has been available for leasing out since early this year, which reflects the high demand that businesses have for setting up offices there.