DUBAI, 16 July 2007 — Dubai Investments Park (DIP) signed an agreement with Kleindienst & Partner, a Dubai-based German real estate broker, to open the “European Business Center” (EBC) in DIP, in a move predicted to foster a greater European corporate presence in Dubai.
The AED150 million project will incorporate up to 150 new companies and create more than 1,500 new jobs at DIP by assisting European and Middle Eastern companies establish operations through providing local sponsorship and business-setup support. When EBC opens in November 2007, the company’s commercial premises will accommodate turn-key offices in flexible sizes, as well as in-house retail facilities, meeting and conference rooms, logistical facilities, basement parking, and ‘green building’ amenities. “We are confident that EBC will fortify trade and business links between European and Middle Eastern companies, and become a starting base for many of Dubai’s headlining companies in the near future,” said Omar Al-Mesmar, general manager, Dubai Investments Park.
“Our decision to establish this modern center in DIP is based on its proximity to key business districts, as we had to take into consideration where our future clients would like to be based. This is the ideal location for us, as the park is a comprehensive, self-contained business zone with plenty of amenities, and also with quick access to the Jebel Ali Port,” said Joseph Kleidienst, CEO, Kleindienst & Partner.
The new center is being constructed by Kleindienst & Partner in DIP’s Commercial Zone, which is one of the three business zones in the 3,200 hectare Park. DIP has already attracted AED21 billion in investments and more than 950 tenants, with an additional AED30 billion to be invested in industrial, commercial and residential projects this year.