Dubai Investments Park signs $86m deal with ABB Industries - GulfToday

Dubai Investments Park signs $86m deal with ABB Industries

DUBAI-BIZ

DIP General Manager Omar Al Mesmar and Dr. Mostafa Al Guezeri, MD UAE, Gulf and Near East for ABB Industries sign the contract.

Business Bureau, Gulf Today

The Dubai Investments Park, the wholly owned subsidiary of Dubai Investments and the region’s unique integrated, commercial, industrial, and residential community, has signed an $86 million contract with ABB Industries to commission a new 132/11kv Dewa substation at DIP.

The 132/11kv Dewa substation is the seventh operational substation in total across DIP 1 and 2. Located in the heart of DIP 1, it will be energised in July 2019. The contract, signed by DIP general manager Omar Al Mesmar and Dr Mostafa Al Guezeri, MD UAE, Gulf and Near East for ABB Industries, covers supply, installation, testing and commissioning of the 132/11kv substation.

Omar Al Mesmar said: “This new substation will help us to meet the demands of the businesses located in Dubai Investments Park. All sectors will be served from this substation and it will ensure the growth of logistics, residential, commercial and industrial sectors within DIP. The substation shows our commitment to the many businesses in a wide variety of sectors who choose to make Dubai Investments Park their home.”

ABB Industries is an approved Dewa contractor and specialist in the field of 132 kv substation projects worldwide.

Dubai Investments Park is a unique, self-contained mixed-use industrial, commercial and residential development operated by Dubai Investments Park Development Company. Spread across an area of 2,300 hectares, it is a city within a city offering world-class infrastructure and outstanding facilities and services.

As a business destination it offers industrial facilities for small, medium, and large-sized enterprises, a wide array of warehousing, a large space for staff accommodation, plus over 20 million sq. ft of office space and showrooms. It is also a thriving community, with over 12,000 residential units and 120,000 residents as well as a university, six schools, five operational hotels, a state-of-the-art healthcare facility and various retail options.

Dubai Investments Park is a unique, self-contained mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company. Spread across an area of 2300 hectares (with 1,700 hectares leased), it is a city within a city offering world-class infrastructure and outstanding facilities and services.

Dubai Investments is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of Dhs4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.

A subsidiary of Dubai Investments, DIP is divided into three distinct zones – each setting the benchmark for high quality projects in a well planned, fully-integrated master community development. Strategically located within minutes from International Airport in Jebel Ali, it is well connected to Dubai’s key business districts and can be accessed from both Sheikh Zayed Road, Sheikh Mohammed Bin Zayed Road and Emirates Road. As a premier residential and business destination, DIP redefines the concept of living and work making it one-of-a-kind development in Dubai.

We take pride in our diverse portfolio of investments – and how they’ve helped to shape society in the UAE. Empowering our communities and businesses with financial vision and innovative endeavors, Dubai Investments has driven progress in key sectors and markets - such as real estate, manufacturing, financial investments, healthcare, education among others.

The driving factors behind our corporate philosophy, our day-to-day operations, and ultimately our success are values that guide everything we do and shape who we are and how we behave individually and collectively as a company.

DIP serves communities to help them run business successfully. DIP’s corporate social responsibility is employees, customers, investors, business partners and other stakeholders. This means observing and implementing strict ethical, moral and legal codes to ensure best practices in DIP’s dealings with both individuals and business entities. We are dedicated to minimising direct environmental impacts by managing our carbon footprints which in turn helps us to preserve and enrich the environment. As part of our CSR, DIP is committed to sustainable development.

DIP is designed to be one of the most environment-friendly developments in the region. Extensive landscaping and eco-friendly polices underline its focus on a green, clean environment. Therefore, industries setting up in the park are necessarily environment-conscious and low in pollutants and emissions. It is mandatory for all companies to allocate 20 per cent of their total area to landscaping.  The core of DIP is the community spirit. We strive to make the park an ideal community, self-sustained and well-integrated in all aspects of living; from Residential to Commercial and Industrial - creating a unique experience for those who live and work here.