TE­COM Group is key driver in achiev­ing Dubai’s eco­nomic di­ver­si­fi­ca­tion vi­sion

The Gulf Today - Business - - UAE -

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.

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