Al Habtoor Group signs pact with Dubai Investments Park to build three projects worth Dh100 million

The agreement was signed in the presence of Mr. Mohammed Khalaf Al Habtoor, Mr. Khalid Al Kamda, Chairman of Dubai Investments Park Development Company, Mr. Khalid bin Khalban, Managing Director of the Park, and Maan Halabi, Executive Director of Al Habtoor Group.

Speaking after signing the agreement, Mr. Al Kamda said: "We are thrilled to have Al Habtoor Group in the Dubai Investments Park, which epitomises the trust bestowed on the project by the local companies. The Park has attracted a lot of companies representing the trade and residential sectors in the Emirate. The Al Habtoor Group projects to be executed in the DIP will be a valuable addition to the list of companies who have now become part of the Park, which now boasts of over 140 local and international companies."

Mr. Al Kamda said that the state-of-the-art facilities and world-class infrastructure offered by the Dubai Investments Park, coupled with its strategic location, are a major attraction for the local companies. The third phase of the Park has been completely leased out, Mr. Al Kamda said, adding that modalities are being worked out to develop and add more plots for industrial, commercial and residential projects.

Mr. Mohammed Khalaf Al Habtoor said: "Dubai Investments Park is an ideal location for developed projects in New Dubai and the Jebel Ali area and we are proud to be a part of the Park development. Al Habtoor Group will be executing three projects in the Park, worth Dh100 million, for which it has acquired three plots."

Elaborating on the projects, Mr. Al Habtoor said: "Al Habtoor Motors has acquired a 50,000 square metre plot in the Park to build an extensive training and service centre to cater to the growing demand of customers. It will be the largest Mitsubishi service centre in the Middle East and design concepts have been approved and construction will commence shortly."

Mr. Al Habtoor said: "The Metropolitan Hotels have acquired a 20,000 square metre plot in the Park to build a unique accommodation facility for the Metropolitan Resort and Beach Club employees. This facility will cater to the need of accommodating the newly recruited employees ahead of the opening of the Metropolitan Beach Resort and Towers by mid-2005."

He added: "Diamond Lease, the automobile leasing subsidiary of the Al Habtoor Group, has acquired 25,000 square metre plot for its operational headquarters. The facility will cater to the expanding fleet of cars."

Al Habtoor Group, best known for construction, is now an internationally recognised group having successful businesses in hotels, real estate, education, insurance, automobile dealership and publishing. It is one of the UAE's most respected and successful business corporations that also operates in the Middle East and the UK.

The Dubai Investments Park is being developed, managed and operated by Dubai Investments Park Development Company LLC (DIPDC), a wholly owned subsidiary of Dubai Investments.