Tecom bags business park deal

Tecom Group, company under Dubai Holding, yesterday announced that it has been appointed to develop and operate the Emirates Towers Business Park.

The group also announced the appointment of Fareed Abdul Rahman Al Janahi as chief executive officer of the development.

Tecom will develop the project in collaboration with the Dubai International Financial Centre. The business hub will offer office and retail space, and will include three five-star hotels, and an events arena.

The Dh5 billion tower complex was launched in early July. The project is expected to be completed in four years.

“The launch of the project comes at an opportunistic time when the real estate market in Dubai is witnessing a clear growth in demand for premium commercial and office space,” Dr Amina Al Rustamani, Tecom CEO, said in a statement. a