Dubai Logistic City due at the end of 2008

More than 120 companies have committed themselves to Dubai Logistics City, which is due to open at the end of 2008.
Logistics companies have reserved 3.6 million square metres out of an available 11 million, the equivalent of 30 per cent of the land area.
Dubai Logistics City (DLC) is part of the 140 square kilometre Dubai World Central airport, which will have capacity to handle 120 million passengers and 12 million tonnes of cargo a year. DLC is slated to open at the end of next year, although completion of the first runway this year could result in some shippers commencing operations earlier.

The largest tenancy contracts were secured last September by logistics firms Aramex, Danzas AEI Emirates, Kuehne & Nagel and Panalpina.Aramex signed for 140,000 square metres in the free zone's contract logistics area with an option for an additional 100,000 square metres, and Danzas AEI Emirates committed to 30,000 square metres in the forwarding area with an option for a further 15,000 square metres as well as 155,000 square metres in the contract logistics area.Kuehne & Nagel signed for 52,000 square metres in the contract logistics area, and Panalpina secured 30,000 square metres in the forwarding area with and option for another 15,000 square metres.