UAE’s property investment property developer Union Properties and Dubai-based construction company Multilink Contracting are working on the establishment of a motorsport business park encompassing 6,000 square meters at the center of a 5.39-kilometer race circuit in Dubai, Invest-Gate reports.
Due to be complete in December 2017, the project will house multiple companies and teams in units ranging 200 to 420 square meters, bringing together all major UAE motorsport businesses and racing teams.
“We have been overwhelmed by interest in the new project and have even contemplated a second phase for 2018,” reveals Dubai Autodrome General Manager Richard Birch.
Birch adds that the facility will be a game changer for the motorsports industry in Dubai as it brings the major stakeholders involved in UAE motorsports together under one big roof. “It will give these businesses easy access to our circuit, whether for testing or customer experiences,” he says.
The project will also complement the recently-established Grandstand Retail Plaza, which accommodates an array of shops overlooking the main street at Dubai Autodrome, and The Ribbon Mall, according to a released statement.
Motorsport Business Park is the latest phase of development, adding an ever-expanding range of apartments, shops and restaurants to the MotorCity community, which has been growing steadily around Dubai Autodrome since 2004.