DUBAI, UAE, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D” or the "Company"), an innovative 3D house printing technology company, is pleased to announce its strategic focus on Dubai South as the ideal location for new projects and partnerships. As part of the company’s expansion efforts, Blackwell is actively pursuing opportunities in this dynamic and fast-growing region, leveraging Dubai South’s strategic position and the UAE government’s strong commitment to advanced construction technologies.
Why Dubai South?
Dubai South is rapidly emerging as one of the most promising areas for development in the UAE. Strategically located near key logistics hubs, it is set to house the Al Maktoum International Airport, which is expected to become the world’s largest airport upon completion. The airport, known as Dubai World Central, will eventually have the capacity to handle up to 260 million passengers annually, surpassing global benchmarks and reinforcing Dubai’s status as a premier aviation hub.
In addition to its proximity to the airport, Dubai South is also close to the Jebel Ali Port, a critical player in the global shipping industry. This location provides immense potential for growth across real estate, logistics, and infrastructure sectors. Dubai South is also home to the Expo 2020 site, which continues to be a driver of development and a magnet for international investment.
The government’s ongoing efforts to foster a business-friendly, sustainable urban area make Dubai South an attractive location for innovative construction methods, such as 3D printing. With its cutting-edge infrastructure, free zones, and streamlined business regulations, the area offers significant advantages for companies looking to enter the real estate and construction markets in the region.
3D Printing Construction: The Future of Dubai’s Development
Blackwell sees immense potential in Dubai’s vision for 3D printing technology in construction. The Dubai 3D Printing Strategy, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, has set an ambitious target for 25% of new buildings in Dubai to be constructed using 3D printing by 2030. This bold initiative, driven by the Ministry of Cabinet Affairs and Future, is designed to enhance sustainability, reduce construction time, and lower labor costs.
Dubai is positioning itself as a global hub for 3D printing across multiple sectors, including construction, healthcare, and consumer goods. In this environment, Blackwell’s cutting-edge technology aligns perfectly with the city’s goals. By focusing on Dubai South, where large-scale developments are actively underway, we are striving to be a significant player in this future-forward transformation.
A Vision for the Future
Blackwell 3D’s decision to focus on Dubai South underscores the company’s belief in the area’s potential as a center for technological innovation and sustainable growth. By embracing 3D printing construction, Blackwell seeks to lead this transformation, offering faster, more efficient, and environmentally conscious building methods.
Dubai South’s continued development, coupled with the establishment of the world’s largest airport and its strategic location along key global trade routes, presents a unique and unparalleled opportunity for growth. Blackwell is confident that its 3D printing technology will be instrumental in shaping Dubai’s urban future, and the company is eager to contribute to the city’s forward-thinking vision.
For further information about Blackwell 3D, please visit www.blackwell3d.com for the most up to date news.
Important Notice Regarding Forward-Looking Statements
This Press Release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the Company’s review of potential financing and strategic alternatives, the Company’s research and development efforts, the Company’s prospects for 2024, and the Company’s ability to fine tune its operations, are forward-looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary effective sales, marketing, and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosure made available with the OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
