Contract was awarded to support growth in the UAE’s non-oil sectors
Dubai-based general construction and project development company Wade Adams has won a contract for the development of infrastructure within Dubai Industrial Park. The contract will see the industrial district expand its existing facilities and infrastructure.
The $37m contract was awarded in line with the park’s commitment to pre-emptively address growth of the industrial sector in Dubai and the wider UAE.
“Dubai Industrial Park is committed to meet the needs and requirements of its business partners and enable them to take advantage of the opportunities available and contribute to the UAE’s economic diversification. The UAE’s economy is witnessing a significant growth in non-oil sectors, particularly in the industrial domain, for its leading contribution to sustainable economic growth, in line with the government’s focus and resilient efforts to diversify the country’s economy and leverage its strategic location to serve as a trade corridor,” said Saud Abu Shawareb, COO at Dubai Industrial Park.
According to the results of the Dubai Industrial Strategy, the industrial sector grew by 3.4% in 2016 compared to the year before, making up 9.5% of Dubai’s total GDP. Manufacturing also increased by 31.2% while industrial exports grew by 8.6% in 2016.
Dubai Industrial Park is a district within Dubai Wholesale City and is located close to the Al Maktoum Airport and Jebel Ali Port.