Al Mashriq Furniture unveils a major expansion plan at Dubai Investment Park, investment to touch Dh38 million

With the addition of the new development, the company's total investment in the Park is to the order of Dh38 million.

Khalid Al Kamda, Chairman of Dubai Investment Park Development Company, praised the furniture company. "Al Mashriq Furniture is one of the pioneering companies in the UAE. Last year, they decided to shift their production facilities to the Dubai Investment Park and join the leading industrial and trade companies operating out of the Park," Mr. Al Kamda said.

"The tremendous response to the Phase I and the Phase II of the Dubai Investment Park has epitomised the role of the companies in such projects which offer a wide array of services and facilities that help in their operations," he added.

Ismail Al Nashash, Managing Director of the Al Mashriq Group, said: "The new project is part of the company's expansion plan that is aimed at operating from the industrial and investment environment showcased at the Park, which offers excellent facilities ideally suited to meet our goals for future expansion."

He said: "The first phase of our plan at the DIP entailed moving the production facilities and offices in 100,000 square feet area, which we successfully completed in 2003. At that time, our investment was of the order of Dh20 million. Now, we are expanding our scope of operations at the DIP and our total investments will be Dh38 million."

He added that Al Mashriq Furniture is now planning to venture into the second phase of the plan, which encompasses expansion in the production of sofa sets, mobile office partitions and will construct accommodation for its employees.

Established in 1999 in Dubai, Al Mashriq Furniture is an industrialised office chair manufacturing company. Over the last five years, the company has developed its expertise and carved a niche in the production of office chairs, sofas and auditorium seating facilities for the local and export markets. It has achieved a high level of quality-tested products and system which is in line with the European specifications and has successfully acquired the ISO 9001:2000 certification. Al Mashriq exports its range of products to 12 countries globally.

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.

The Park, the only one to be launched by the private sector in the Middle East, is a mixed use industrial, business, residential and recreational development offering investors pre-serviced sites, world-class infrastructure, state-of-the-art facilities and quality services for manufacturing, housing, academic, research, distribution and logistics purposes. A major attraction for investors is the long-term leases, renewable up to 99 years, that are available for industrial, commercial and residential projects.

The Park's tenants include industrialists and entrepreneurs representing a broad scope of economic activity - pharmaceuticals, property development, metal treatment and insulation materials, water purification, boiling and distribution, heavy duty steel fabrication, cold storage, building systems, distribution of TV satellite equipment and the manufacture of cast steel valves for oil, gas and water industries and plastic pipes and accessories.