Dubai World Central yesterday unveiled plans for new supply chain facilities in its aviation district to attract small and medium enterprises in the maintenance, repair and overhaul sector.
DWC said that the development would consist of a series of buildings spread across 45,000 square metres, comprising office and warehousing facilities.
The project, which is estimated to cost Dh120 million, is scheduled to be completed by the first quarter of next year.
“This project marks the latest milestone in our journey to create infrastructure for players across the aerospace supply chain spectrum,” said Tahnoon Saif, the vice president of DWC’s aviation district.
“The location enjoys several benefits, such as unrivalled access to both the Al Maktoum International Airport and the Jebel Ali Port. There are also productivity and efficiency benefits arising from the cluster effect, with suppliers and collaborators in proximity with each other in the DWC aviation district.”
DWC’s vice president for logistics, Mohsen Ahmad, said in November that the aerotropolis was looking to attract more SMEs to its logistics district, as well as major players such as DHL, Aramex and Hellmann Caliper.
DWC’s aviation district is a 6.7-square-kilometre master-planned area offering infrastructure as part of Dubai’s strategic vision for the sector.
jeverington@thenational.ae
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
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If driving, turn your engine off when stationary.
UAE v Zimbabwe A, 50 over series
Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai
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The currency conundrum
Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”
Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.
This is a race to the bottom, and everybody wants to be a winner.
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Formula 2 race: 1:35pm
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
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• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
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Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
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The specs
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It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
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Started: July 2020
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Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
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