UAE-based port operator, DP World has announced the completion of the first industrial building located in the South Carolina Gateway Logistics Park.
DP World said the building marks a milestone with the continued partnership with Orangeburg County and the State of South Carolina for the continued economic development of the planned industrial park.
The South Carolina Gateway Logistics Park is centrally located at the intersection of Highway 301 & Interstate 95 between Charleston and Columbia.
DP World said the park offers users a strategic, inland and rail-served platform with close port proximity for industrial development.
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, according to DP World, which anticipates this process to be completed in the coming weeks.
At the South Carolina Gateway Logistics Park today, Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, commented, “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 US$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 center. This expansive site is full of potential economic opportunity for South Carolina including two-thousand jobs and local tax revenues upward of US$10 million.”
