TECOM has almost 5000 businesses located across 10 Free Zones, including Fortune 500 giants, all benefiting from 100 per cent foreign ownership and exemption from income and corporate taxes. TECOM's Free Zone business parks are designed to ensure business growth through best in class facilities and industry specific infrastructure.
TECOM's Free Zone business parks represent a sizeable land holding of over 241 million square feet. Where there are 289 buildings and 1432 warehouse units with a leasable area of 5.8 million square feet.
Infrastructure Development: Development of industry specific infrastructure to facilitate community growth and optimize efficiency
Build-to-suit: Provision of end-to-end management services through core competencies in Master Planning, Infrastructure Management, Project Management, Design Development and Engineering Operations
Substantial Land Holding for sale and long lease, and for joint development projects, in prime locations across Dubai
Build-to-lease: 14million square feet of leasable area in purpose-built commercial space to suit industry specific requirements
11 Free Zone and non-Free Zone business parks representing Dubai's key industry sectors, making a significant contribution to the emirate's GDP and future growth
Tecom had welcomed 800 new business partners and enabled 380 expansions across its 11 business communities in year 2014 only. This performance brings the total number of businesses operating to more than 4,650, supporting a workforce of 75,000 across its six industry sectors of ICT, Media, Education, Science, Industry, Design, Fashion, Art & Luxury.
More important is the fact that TECOM has reported a healthy retention rate 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 has further strengthen its position by announcing an investment of Dh4.5 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 square feet 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.
Tecom has also announced few 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;
The Publishing Pavilion and Makateb in International Media Production Zone (IMPZ); and,
The Villa Lantana, premium residential villas all occupied by global big shots.
TECOM's story is very much intertwined with Dubai's story.
TECOM also invites investors and Developers to explore opportunities to develop offices, multi-family residences, academic institutions, student accommodation, retail complexes, hotel initiatives, and industry-specific facilities.
Talk to your dedicated customer representative at SGC to know more about investing, realising, and creating the future of Dubai with TECOM.
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