DP World opens industrial building in US
DUBAI: DP World, a global logistics company and one of the world’s largest marine terminal operators, announced the inaugural industrial building located in the 1300+ acre development in Orangeburg County, South Carolina.
The building marks a milestone with the continued partnership with Orangeburg County and State of South Carolina for the continued economic development of the planned 6+ million square feet industrial park.
The South Carolina Gateway Logistics Park is centrally located at the intersection of Highway 301 & Interstate 95 between Charleston and Columbia. The logistics park offers users a strategic, inland and rail-served plaform with close port proximity for industrial development. Opportunities for build-to-suit ranging in size from 50,000 sf to 1+ million sf, the park provides flexible solutions for both large and mid-size users.
DP World has been working closely with Orangeburg County throughout the course of the project to ensure the logistics park meets the needs of the end users, is fully integrated and benefits the surrounding communities. In particular, the property will be placed in a multi-county industrial park shared by Orangeburg and Dorchester Counties, providing the opportunity for enhanced tax credits for tenants locating in the park. DPW anticipates this process to be completed in the coming weeks.
At the South Carolina Gateway Logistics Park, Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said, “It is with great pride that we open the Gateway Logistics Park for business today and celebrate a long-term investment that is estimated to bring more than $500 million into the economy. The collaboration with Orangeburg County and the State of South Carolina has been a model of the kind of economic development that public and private partnerships can create when the greater good is at the centre. This expansive site is full of potential economic opportunity for South Carolina including two-thousand jobs and local tax revenues upward of $10 million.”