(MENAFN- Khaleej Times)Business parks operator eyes partner base of 10000 in 10 years
Dubai — Tecom Investments a member of Dubai Holding and operator of Dubai’s industry-focused business communities experienced record growth in 2014.
Tecom Investments welcomed more than 800 new business partners and enabled 380 expansions across its 11 business communities. This brings the total number of businesses operating to more than 4650 supporting a workforce of 74000 across its six industry sectors of ICT media education science industry and design fashion art and 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.
Tecom Investments announced an investment of Dh4.5 billion as part of its alignment with Dubai’s National Innovation Strategy. This investment will fund the creation of Dubai Internet City’s innovation hub which will provide 1.6 million square feet of dedicated space to 15000 knowledge workers and Dubai Design District’s creative community which will provide a destination covering one million square feet for emerging designers artists and other creative workers.
Tecom Investments also announced new developments and the delivery of key projects in 2014 including The Butterfly a two-tower development in 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).
Tecom launched Villa Lantana a 440-villa residential community in Al Barsha. Sales for the first phase have been ahead of target.
Tecom Investments is at the forefront of the government’s new vision to promote sustainability cement Dubai’s position as a smart city and strengthen its position as a global capital of 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 to provide electric vehicle charging infrastructure smart meters and grids.
Dr Amina Al Rustamani group CEO of Tecom Investments said: “Our communities continue to attract new business partners and facilitate expansions as demonstrated by our strong annual results.”
“Over the next 10 years we will increase the workforce located in our communities from 74000 to 100000 grow our business partner base to 10000 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.”
—
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.