30/04/2014 23:49PM Australia/Sydney
DUBAI, United Arab Emirates (BUSINESS WIRE)
TECOM Business Parks, a member of TECOM
Investments and comprising of industry specific business communities
strategically located across different areas of Dubai, has announced new
developments and the delivery of existing projects. These projects will
launch in 2014 and 2015 respectively, with a total investment of AED
1bn, reaffirming TBP’s position as one of the region’s leading business
communities and demonstrating its growth momentum over the past year.
Malek Al Malek, CEO, TECOM Business Parks (Photo: Business Wire)
2013 was a very successful year for TECOM Business Parks, who welcomed
549 new business partners and saw the number of knowledge workers
located within its business parks grow by 23% to reach 58,000. TECOM
Business Parks has been a major catalyst in Dubai’s growth as a
knowledge-based economy for well over a decade, and its growth has
created renewed demand within Dubai’s dynamic market for business
communities, facilities and advanced infrastructure that support new
entrants into the market as well as the expansion of key players. Dubai
is cementing its position as the region’s leading strategic business
hub, and receiving significant interest from global and regional players
across different industries to set up their businesses.
TECOM Business Parks’ new projects include:
The Butterfly; two office buildings located in the heart of Dubai
Media City and Dubai Internet City, which offers 255,000 sq. ft. of
world-class facilities and infrastructure, tailored office space and a
spacious outdoor plaza. This development is expected to be completed by
the end of 2015.
Projects which are nearing completion include:
DuBiotech Headquarters; comprising commercial space and retail
units and easily accessible from Al Khail Road, Sheikh Zayed and
Mohammad bin Zayed Road. The development has been designed to
incorporate sustainability elements and covers a total area of 500,000
sq. ft. and is expected to be completed by Q1 2015.
Publishing Pavilion; a nine story development located in
International Media Production Zone (IMPZ), with a total area of 267,191
sq. ft. Handover is expected in Q4 2014.
Makateb; a multi-building development located in IMPZ, comprising
two four story towers and two seven story towers, and a total area of
299,736 sq. ft. Currently under construction with handover expected in
Q1 2015. Both Makateb and the Publishing Pavilion will cater to
companies from across the media value chain.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140430006059/en/