DIP invests $408m into development of infrastructure facilities.
Dubai Investments Park (DIP), an integrated commercial, industrial and residential community in Dubai, has announced that it is ramping up investment into the development of various infrastructure facilities and that is has invested a total of $408m million since the community's inception.
The recent enhancement projects are termed top priority, in line with ongoing community development planning initiatives. DIP currently offers more than 140km of internal road network and has completed enhancements to new entrances, widened roads and exit points, all to ease the traffic flow to and from the development.
As part of the road enhancement projects, two flyovers by RTA at the Sheikh Zayed bin Hamdan Al Nahyan Street which is between DIP 1 and 2 are currently operational. The project includes the enhancement of a service road of two lanes in each direction on the Sheikh Zayed bin Hamdan Al Nahyan Street and Al Yalayes Street, improving entries of Dubai Investment Park from Al Yalayes Street.
The opening of the new entrances are part of RTA's expansion of the Al Yalayes and Expo road leading into DIP. They will facilitate the movement of vehicles into DIP's industrial, commercial and residential areas. There is currently a total of 11 entrances and exits to DIP from major highways.
DIP's industrial zone has benefitted from the enhancements to the road infrastructure, seeing increased connectivity to regional and international transport linkages, access to markets and speedy delivery of raw materials to manufacturing units, research and development laboratories and for processing to assembly.
"DIP's strategic location makes it one of the most sought-after developments for tenants and businesses alike. DIP is working closely with authorities to broaden and upgrade infrastructure while continuing with relentless efforts to ensure integration amid public transport modes. The expenditure on road and infrastructure has been a major growth factor in the region and these investments are vital to social and economic growth, and DIP is extremely proud to be proactively contributing to this developmental phase," said Omar Al Mesmar, general manager, Dubai Investment Park.
As part of DIP's concerted efforts, an amount of $34 million has been allocated towards improvement of public facilities, pedestrian track maintenance and upgradation of existing infrastructure, and air-conditioned bus shelters, which are scheduled to escalate from 9 to 20 units by the end of the year.
DIP can be accessed from Emirates Road and Sheikh Zayed Road. Furthermore, work is progressing according to plan on the 15-km Route 2020 which is an extension of the Dubai Metro Red Line from Nakheel Harbour and Tower Station to the site of Expo 2020. The planned metro line will pass through DIP.
The metro station is located in the commercial zone of DIP and is surrounded by offices, hotels, residential apartments, showrooms, hospitals and fitness centre's alike, providing a mix of leisure and recreational facilities.
The post DIP invests $408m into development of infrastructure facilities appeared first on Middle East Construction News .
Copyright notice [c] Corporate Publishing International. All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 3, 2019|
|Previous Article:||L&T and Mitsubishi Hitachi JV wins thermal power project contract.|
|Next Article:||Automated logistics in the ME: Alain Kaddoum, Swisslog ME, Interview.|