Annual growth of 35% in number of new companies at the Business Park
The Business Park at Dubai South has revealed it has witnessed a 400% growth in the number of companies operating in the park since its inception in early 2015. The number of companies that have set up operations in Business Park has increased from 900 in 2015 to 4500 in 2018.
The Business Park has also revealed that an average of 1500 new companies have joined the park every year. Furthermore, the park also has a high customer retention rate of 98%, which is an indication of the unique services and the added value that Business Park offers to companies operating in its district.
The Business Park at Dubai South offers an environment that enables and encourages businesses to grow, which is due to the various services provided to tenants and the companies operating in the park. Some of the services offered by Business Park to its patrons includes providing the latest technologies and offering a strategic location that is close to both Jebel Ali Port and Al Maktoum International Airport. Another attractive feature of the park is its state-of-the-art infrastructure that provides various transportation, telecommunications, and logistics services to its customers. The Business Park also offers a great environment to work and live in, which includes banks, shops and onsite licensing and visa authority services. These services help make the park an integrated city that facilitates the ease of doing business for the companies operating in its district.
Shoaib Al Rahimi, Vice President of Business Park at Dubai South, stated that the Business Park has become a leading destination for companies to set up their business due to the variety of flexible options and solutions that are available for both small and large companies, in addition to the high quality of services and the variety of facilities offered to companies.
Al Rahimi said, “The directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to launch a series of initiatives that help stimulate the economy, is in line with our approach to enhance the ease of doing business and to simplify procedures for our investors. This approach has made our current business model a success on the global business arena, especially when it comes to facilitating business operations and reducing costs.”
Al Rahimi pointed out that the lease space of the park equals 2.3 million square feet, and that the offices of the head quarter have all been fully leased. He also remarked that 65% of the first phase of the Business Park has been leased, and that the second phase of the Business Park has been available to lease since early this year, which reflects the high demand that businesses have for setting up offices in Business Park.
The list of leading international companies that have set up operations in Business Park at Dubai South include Emirates Post, Siemens Postal, Parcel & Airport Logistics; Nestle Middle East; and the University of South Wales, which opened the first aviation academy of its kind in the region. Other companies that operate in Business Park include Lagardère Travel Retail Duty Free, Maersk Training, the Chinese Business Hub, CEVA Logistics and Joannou & Paraskevaides Limited.
Al Rahimi revealed that the Business Park will soon launch an innovative initiative which aims to aid companies operating in the park by increasing their competitiveness, enhancing their ease of doing business, and helping them to take advantage of their surrounding environment by forming beneficial partnerships that help improve their operations. He added that Business Park will spare no effort in helping its patrons to develop their businesses and achieve their goals.
