Tecom Group has acquired new commercial and industrial assets as part of a Dhs1.7 billion strategic plan unveiled in May 2024.
This accomplishment coincides with Tecom Group’s announcement that, with the opening of Innovation Hub Phase 3, the company will develop upscale Grade-A office spaces at Dubai Internet City for Dhs340 million, bringing the total value of the Group’s investments in 2024 to more than Dhs2 billion.
The strategic plan increases the gross leasable area (GLA) of TECOM Group’s portfolio of premium commercial assets to over 10 million square feet, and its portfolio of land leasing to 179 million square feet. This strengthens the company’s position as a key player in Dubai’s business community and as a leader in commercial and industrial real estate.
Abdulla Belhoul, the Chief Executive Officer of Tecom Group, stated, “The new strategic acquisitions and projects worth Dhs2 billion reflect TECOM Group’s vision of fostering sustainable growth.” “Tecom Group is dedicated to carrying on its crucial role in supporting the knowledge-based economies of the United Arab Emirates and Dubai as well as influencing the direction of business through our top-notch ecosystems that draw and empower globally recognised businesses and talent throughout our ten distinct business districts.
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