Dubai delegation woos India Inc to invest in DWC Business park
"At the moment we have 1,500 companies operating from Dubai World Central. Around 1,000 are SMEs and the rest are operating in logistics and aviation. Almost 50 per cent (out of these 1,500 companies) are either fully owned by Indian investors or they have some Indian shares in it".
To lure Indian businesses, roadshows will be conducted in three Indian cities including Delhi, Bengaluru and Mumbai.
"Today is the first day of the roadshow. This is the first roadshow. This is the first roadshow that we are doing outside Dubai. We will be having it in three cities - Delhi, Bangalore and Mumbai," Serra said.
The state-of-the-art DWC Business Park caters to new companies setting up business in the UAE, particularly those coming from the growing small and medium enterprises (SME) sector in India and around.
The buildings in the Business Park are under single ownership of the Dubai Aviation City Corporation. 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 SME segment.
The first phase of the Business Park has been completed, and construction for the second phase will begin in 2016. Companies including NestleBSE 0.84 %, CEVA Logistics, Helukabel and Sinopec Petroleum, among others are already registered with the Business Park.
It is set to be world's first truly integrated and self-sustained economic zone and logistics platform supporting wide range of transport modes, logistics and value-added services, including manufacturing and assembly, in a single Free Economic Zone.
DWC is based around Al Maktoum International Airport in Jebel Ali, about 30 minutes from Dubai.
Dubai World Central is a planned Residential, Commercial and Logistics Complex scheme.