45 companies bid for Techno Park
01 October 2003
About 45 companies are bidding for the first phase of the multimillion-dollar Techno Park in Dubai, which is being developed by the Ports, Customs and Free Zone Corp (PCFC).
The park will be a mixed facility where companies can enjoy 100 per cent foreign ownership as in a free zone.
Nakheel, the development partner for the project, recently floated the tender for the first phase. Construction is expected to begin this month and the first phase work will be completed before the end of next year, according to officials.
Abdulla Ahmed Al Quraishi, chief executive of Techno Park, said about 135 companies active in the region's oil and gas sector had expressed their keenness to relocate at the park. 'Currently we are in close negotiation with 13 companies, nine of which are in the desalination business, while the remaining four are in the oil and gas sector.'
The Dubai Government has allocated a 3,000-hectare plot in Jebel Ali, near the ninth interchange, for the project, which will have facilities in three major clusters - oil and gas, desalination and biotechnology, environmental resources and management.
- $108m Deira-Bur Dubai bridge under study
- 45 companies bid for Techno Park
- Bonyan Emirates' Marina complex takes off
- Conference Palace hotel half-way complete
- Design work under way on Burj Dubai
- Dubai's The World set to take shape
- Five new hospitals for UAE
- Mall of Emirates doubles in size
- Municipality completes road works worth $78m
- Snamprogetti upgrades Bu Hasa facility
- UPDATE
- Work begins on Dubai International City
