Dubai World Central (DWC) has announced that it is offering additional office space at its Business Park to cater to new companies setting up business in the UAE, particularly small and medium enterprises (SMEs).
The new offices are available in three sizes – small offices of 45 sqm to 90 sqm, ready to occupy in November 2014, medium offices of 100 sqm to 400 sqm, as fitted out units on flexible lease terms, and large offices of 500 sqm and above, DWC said in a statement.
Located at the entrance of DWC, also the venue for the World Expo 2020, the Business Park freezone offers 100 per cent ownership, accessibility to Al Maktoum International Airport and ‘swift business facilitation’ – companies can set up offices within 10 days.
Over 1,000 companies are currently registered in the freezone, including Nestle, CEVA Logistics, Helukabel, and Sinopec Petroleum.
All the buildings in the Business Park are under single ownership of the Dubai Aviation City Corporation.
Paolo Serra, director of Business Park, DWC, said: “The Business Park is an integral part of Dubai World Central and has witnessed an increased demand in office space in 2014. More than 20,000 square meters of office space has been leased in 2014 to date with additional space being fitted out at present to cater to Dubai’s SME segment.
“With premium infrastructure and flexibility to grow and expand in future, we are confident that the Business Park will continue to attract an increasing number of blue chip companies looking to establish their presence in the Middle East.”
DWC is a 140 sq km economic zone, which includes Dubai’s new Al Maktoum International Airport, along with logistics, aviation, commercial, exhibition, humanitarian, residential and leisure related businesses. It also includes freezones for commercial, residential and educational facilities.
Upon completion, Al Maktoum International Airport will become the world’s largest airport handling up to 160 million passengers and 12 million tonnes of cargo per year.
DWC is expected to account for 60 per cent of Dubai’s GDP by 2023.