TECOM Group is key driver in achieving Dubai’s economic diversification vision
DUBAI: TECOM Group, a member of Dubai Holding, continued to show strong performance and sustainable growth in 2017, playing an integral role In DUBAI’S Diversiication plan and consolidating its position as a global business hub. TECOM Group plays a critical role in developing six vital non-oil sectors, including information technology, media, science, education, design and manufacturing, through establishing state-ofthe-art infrastructure, a robust legislative environment and effective business solutions. TECOM Group also focuses on entrepreneurship and SMES to help local companies pave the way to global expansion. In line with the Group’s support for developing and empowering national talent across various economic sectors, its business parks today are led by a distinguished senior Emirati team.
TECOM’S 11 business parks – Dubai Internet City, Dubai Outsource City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Science Park, Dubai Industrial Park, Emirates Towers Business Park and Dubai Design District – attracted over 480 new business partners in 2017, bringing the total number of companies to 5,600. Employing more than 90,000 people from 162 nationalities, TECOM Group’s business communities also maintained a high occupancy rate of more than 86 per cent. The Group hosted over 900 technology, education, design, media, science and industry events over the past year, boosting the growth of vital economic sectors that drive Dubai’s economic diversiication.
Speaking on last year’s outstanding performance, Abdulla Al Habbai, Chairman of Dubai Holding, said: “Guided by the vision of our wise leadership, Dubai Holding continues to play a pivotal role in furthering Dubai’s and the UAE’S economy. The Group plays a key role in achieving the economic aspirations of the Emirate by developing vital non-oil sectors including hospitality, tourism, media and design. TECOM Group is at the forefront of national institutions that support Dubai’s efforts to transform into a knowledge-driven economy, and supporting Dubai’s GDP growth.”
Malek Al Malek, CEO of TECOM Group, said: “Under the leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, TECOM Group continues its strong year-on-year performance, in line with the integrated plan for Dubai Plan 2021. Our efforts are in line with Dubai Holding’s strategic direction, which focuses in addressing the market’s growing needs, increase the contribution of non-oil economic sectors to the GDP and establish digital transformation enablers to make Dubai the smartest city in the world.”
He added:” Over the past two decades, the Group has created a business experience that is unprecedented in its integration and ability to provide an attractive environment for enterprises from across the world. Our Efforts HAVE signiicantly strengthened Dubai’s position as a global economic hub. We will continue to promote the emirate as a key destination for business and innovation.
“TECOM Group’s irst Business community Dubai Internet City was launched in 1999 amid a radical transformation of the global economy and a rapid rise of economic concepts that have changed the international landscape, such as globalisation of trade, industry and knowledge economy, and enabling entrepreneurship and e-commerce. From the outset, the purpose of the Group was not only to keep pace with these transformations, but also to envisage the future and contribute to consolidating Dubai’s status as a global success story.”
Since its inception, TECOM Group has been providing the necessary supportive business setup landscape, enabling environment and integrated infrastructure that constantly evolves, allowing its partners to innovate, grow and expand into the wider region.