Tecom set to open DuBiotech headquarters
Dubai, July 15, 2014
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 space in Dubai’s new growth corridor of South Barsha, said a statement.
The two high-rise towers will provide more than half a million sq ft of office space. The architecture forms a glass-shaped jewel that dominates the developing skyline, and the surrounding water features and landscaping delivers a scenic and professional feel to the Al Barsha South development, it said.
The building have been designed as the nucleus of operations for the free zones, which boasting a close proximity to popular residential areas, hospitals, schools and restuarants.
DuBiotech and EnPark have seen a 26 per cent growth in new business partners in the first six months o the year, compared to last year, with 29 new businesses opening in total.
The new businesses included Pepsi-Cola, who launched their research and development lab for the region in DuBiotech; Gulf New Energy Group, a leader in construction of solar photovoltaic power plans; and Global Warming Green Consultants, specialists in green building and sustainable infrastructure development.
The two free zone business parks dedicated to fostering the growth of life sciences and alternative energy and environmental industries industry in the region are member of Tecom.
The site offers infrastructure and research and development facilities, specifically designed and built around the needs of the partner company. The free zones support both start-ups and international firms looking for a regional base for their Middle East or global operations.
Marwan Abdulaziz, executive firector of Tecom’s DuBiotech and EnPark, said;
“I am extremely proud of the progress DuBiotech and EnPark have made over the years and this new milestone; the opening of DuBiotech headquarters, epitomises our success through the world class infrastructure and exemplary service we strive to provide to our business partners.
“The headquarters will add further value to the healthcare sector in the region and will help us decrease the reliance on pharmaceutical imports by encouraging R&D and innovation. Our new facilities will enable us to continue to provide a platform that fosters a culture of collaboration among peer companies, so that we may achieve our part of the Government’s aim to develop a knowledge-based economy.”
The companies that operate under DuBiotech and EnPark benefit from advantages of being licensed by a free zone, including 100 per cent foreign ownership in a tax-free environment, a guaranteed 50-year exemption from personal, income and corporate taxes, full repatriation of profits and capital, and exemption of custom duty for goods and services. - TradeArabia News Service