Executive Chairman of the Dubai Ports, Customs and Free Zone Corporation (PCFC) Sultan Ahmed Bin Sulayem has laid the foundation stone for the 220 million Emirati dirham ($59 million) Dubai Textile City (DTC).
The project, which is being jointly promoted by Dubai-based Textile Merchants Group (Texmas) and PCFC will be built on six million square feet of land in Al-Warsan, near the Al-Awir area of Dubai.
"Over the past five decades, the emirate's textile industry, valued at nine billion dirhams annually, has played a critical role in the economic development of Dubai, and is today the second largest contributor to the emirate's textile trade, including both exports and imports," said Ahmed Bin Sulayem.
Texmas has already awarded the contract to build the DTC to United Engineering Contract (UNEC) and the project will be completed by mid-2005. The main consultant of the project is Arif & Bintoak Consultants while the engineers representing the client are Model Engineering Consultants. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
