Arab Today, arab today tecom investments sees record growth across business communities
Last Updated : GMT 19:54:16
Arab Today, arab today
Arab Today, arab today

TECOM Investments sees record growth across business communities

Arab Today, arab today

Arab Today, arab today TECOM Investments sees record growth across business communities

TECOM Investments
Dubai - WAM

TECOM Investments, a member of Dubai Holding and operator of Dubai's leading industry-focused business communities, has announced 2014 as a record year for growth.

Over the year, TECOM Investments welcomed more than 800 new business partners and enabled 380 expansions across its 11 business communities. The positive performance brings the total number of businesses operating to more than 4,650, supporting a workforce of 74,000 across its six industry sectors of ICT, Media, Education, Science, Industry, and Design, Fashion, Art & Luxury.

Customer loyalty remains high with TECOM reporting high retention rates of 95 per cent across its business communities. Over 30 per cent of its business partners have been located within TECOM's communities for a decade or more, and occupancy across Dubai Internet City (DIC), Dubai Media City (DMC) and Dubai Knowledge Village (DKV) remains high at 95 per cent, demonstrating the popularity of these areas.

TECOM Investments announced an investment of Dh 4.5 billion as part of its alignment with Dubai's National Innovation Strategy. This investment amount will fund the creation of Dubai Internet City's Innovation Hub, which will provide 1.6 million sq. ft. of dedicated space to 15,000 knowledge workers, and Dubai Design District's pioneering Creative Community, which will provide a dynamic destination covering 1 million sq. ft. for emerging designers, artists, and other creative workers.

In direct response to its growing communities and increased market demand, TECOM Investments announced new developments and the delivery of key projects in 2014, including: The Butterfly, a two tower development located in the heart of Dubai Media City; the DuBiotech Headquarter Building, which comprises commercial space and retail units; and, the Publishing Pavilion and Makateb in International Media Production Zone (IMPZ).

As part of its commitment to deliver sustainable, holistic communities, TECOM launched Villa Lantana, a 440-villa residential community located in Al Barsha. Sales for the first phase have been robust and ahead of target, adding significant value to TECOM's portfolio.

TECOM Investments is at the forefront of the Government's new visions, strategies and plans to promote sustainability, cement Dubai's position as a Smart City, and strengthen its position as a global capital of the Islamic Economy.

This has been demonstrated by the appointment of Dubai Design District (d3) as the official greenfield development site for Dubai's Smart City initiatives, the launch of a dedicated ‘Halal Cluster' in Dubai Industrial City, and partnerships with Dubai Electricity and Water Authority (DEWA) to provide electric vehicle charging infrastructure, smart meters and grids.

Commenting, Dr Amina Al Rustamani, Group CEO of TECOM Investments said: "Our pioneering communities continue to attract new business partners and facilitate expansions, as demonstrated by our strong annual results. Over the course of the year, we introduced several enhancements to our services for the benefit of our business partners, with a view to making running their businesses easier and more efficient. We also implemented a series of exciting new developments and initiatives that will support future growth and help to drive Dubai's transition into an innovation-led economy.

"Over the next ten years, we will increase the workforce located in our communities from 74,000 to 100,000, grow our business partner base to 10,000 companies, and provide an additional 10 million sq. ft. of office space, resulting in a total of 16 million sq. ft. of dedicated space across Dubai's prime business locations."

Through its new strategy announced at an event to mark Dubai Internet City's 15th anniversary in October 2014, TECOM Investments will contribute to Dubai's transition to a Global Innovation Hub. This strategy includes a renewed focus on developing smart, sustainable infrastructure; making doing business easier; attracting talent and investing in human capital; supporting start-ups; fostering dynamic industry ecosystems, and activating a vibrant community.

Significant improvements to enhance the overall experience of TECOM Investments' business communities were also announced as part of this new strategy, including wellness facilities such as running tracks, bike paths and clean transportation technologies across Dubai Internet City, Dubai Media City and Dubai Knowledge Village, the introduction of incubators, similar to Dubai Internet City's in5 innovation centre across all sectors, and support for small businesses and start-ups from across the region.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tecom investments sees record growth across business communities Arab Today, arab today tecom investments sees record growth across business communities

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday