Dubai Investments Park (DIP), a wholly owned subsidiary of Dubai Investments, has announced the launch of the eighth and the final phase of the 2,400 hectare mixed used development, Khaleej Times reported. The 500,000 sq m phase 8, which is being constructed at a cost of $81.6 million, is expected to be a hub for logistics services as a significant portion of land has been allocated for this sector.
Over the years, DIP has invested a total of $454 on infrastructure facilities within the Park, while the total investments by the approximately 1135 tenants and 1050 subtenants in DIP has crossed $17.7 billion. P
hase 8 will have well-planned road network, electricity and water network, sewerage system and irrigation & district cooling facilities on a total built-up area of 2.8 million square feet. Meanwhile, DIP has also revealed that 95 percent of the 445,000 square meter Phase 7 has been completed and has already been fully leased out.
