Tecom Investments, a business park operator with a major role in developing Dubai's economy, said on Tuesday that it had signed for a syndicated loan facility of up to Dh4 billion ($1.1 billion) to fund its growth.
Dubai International Academic City (DIAC) and Dubai Knowledge Village (DKV), members of Tecom Investments’ Education Cluster, brought together professionals from universities, industry, government departments and education consultants to di
Tecom Investments, a diversified conglomerate and a member of Dubai Holding, said it aims to develop 1 million sq ft of additional office space, spread out across its business parks at an overall investment of Dh1.5 billion ($408.2 million).
Dubai Holding Commercial Operations Group (DHCOG), a unit of global investment holding company Dubai Holding, has posted a net profit of Dh2.1 billion ($571.5 million) during the first half of the year.
DHCOG’s revenue reach
Tecom Investments is set to open its DuBiotech headquarters, two landmark building in the Al Barsha South area next year.
The completion of the towers comes on the back of increasing demand by businesses for sp
Dubai Holding, a global investment holding company, has introduced new commercial incentive packages to encourage hotel and leisure industry investors to enter the three- and four-star hotel segment.
Dubai Holding plans to attract
Tecom Business Parks, which comprises Tecom Investments’ nine free zones, welcomed 549 new business partners last year.
In addition to the growing number of new business partners, the knowledge workers op
A delegation from Tecom Investments visited Malaysia to meet with representatives of various Islamic finance academic institutions to look into having them set up in Dubai.
The delegation, led by Dr Ayoub Kazim
As many as 2,000 business partners are now based in the Tecom Media Cluster, which includes Dubai Media City, Dubai Studio City and International Media Production Zone, said a report.
The media cluster welcomed
Tecom’s Media Cluster, incorporating Dubai Media City, Dubai Studio City and International Media Production Zone, witnessed significant growth over the course of 2013 and is now home to 2,000 business partners.
New leases an