UAE – Mubasher: Dubai Industrial City attracted over AED 1.70 billion in total investment over the past 12 months across vital economic sectors including food & beverage (F&B), heavy equipment, energy solutions, automotive, and light industries.

The investments reflect the district’s vital role in backing the UAE’s industrial strategy and anchoring its position as a leading destination for foreign direct investment (FDI), according to a press release.

“Accelerating advanced industries is essential to unlock long-term economic growth, and Dubai Industrial City is committed to nurturing such homegrown excellence in the UAE,”

Saud Abu Al Shawareb, Managing Director of Dubai Industrial City, said: “We will continue to play a key role in cementing the UAE and Dubai as global industrial powerhouses, in line with the goals of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.”

Among the new customers to join Dubai Industrial City in the past year is UAE-based conglomerate Elite Group Holding, which will develop an integrated facility valued at AED 100 million to drive growth in the automotive and e-commerce sectors.

Pure Ice Cream is also developing a production facility, with an AED 80 million investment at Dubai Industrial City.

Meanwhile, OZON Pharmaceuticals is set to establish a production hub worth AED 293 million.