(MENAFN- Khaleej Times) This iconic development has been designed to incorporate sustainability elements and covers a total area of over 500000 square feet and is expected to be completed by first quarter of 2015.
tecom business parks on tuesday announced dh1 billion investment in new developments and delivery of key projects in 2014 and 2015 respectively to demonstrate its growth momentum over the past year.
the business park’s new project the butterfly is two office buildings located in the heart of dubai media city and dubai internet city which offers 255000 square feet of world-class facilities and infrastructure tailored office space as well as a spacious outdoor plaza. the development is expected to be completed by the end of 2015.
it also announced the upcoming completion of the dubiotech headquarters building which comprises of commercial space and retail units. this iconic development has been designed to incorporate sustainability elements and covers a total area of over 500000 square feet and is expected to be completed by first quarter of 2015.
in international media production zone (impz)’s growing community the publishing pavilion a nine storey development with a total area of 267191 square feet is close to completion with handover expected in fourth quarter of 2014.
in addition makateb a multi building development comprising two four storey towers and two seven storey towers and a total area of 299736 square feet is currently under construction with handover expected by march next year. both developments will cater to companies from across the media value chain. “dubai is cementing its position as the region’s leading strategic business hub and receiving significant interest from global and regional players across different industries to set up their businesses. tecom is committed to remaining at the forefront of dubai’s knowledge economy ensuring we address business requirements by enhancing our services optimising our assets and developing new projects to meet market demand” malek al malek chief executive officer tecom business parks said.
tecom business parks has been a major catalyst in dubai’s growth as a knowledge based economy for well over a decade and in 2013 welcomed 549 new business partners and saw the number of knowledge workers located within its business parks grow by 23 per cent to reach 58000. “as tecom business parks launches new developments and moves closer to handing over existing ones we continue to demonstrate our commitment to driving dubai’s economy and industries and our readiness to respond to growth in market demand” al malek concluded.
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