Freelancers, new media companies, production firms lead new growth in TECOM’s media free zones in Dubai
The number of media-related companies in TECOM free zones in Dubai has reached the milestone figure of 2,000, the Dubai Holding subsidiary has announced.
The TECOM media cluster includes Dubai Media City, Dubai Studio City and International Media Production Zone.
In 2013, 233 new businesses joined TECOM’s media cluster, including 33 production companies and 23 new media companies, highlighting the growth of these segments.
Forty-five freelancers also joined, adding to the talent pool that services a large number of companies within the free zones.
More than 160 existing businesses also significantly expanded.
Total utilised space across the three free zones is now at 622,000 square feet.
Several sectors recorded significant expansions during the year, including printing consumable, which grew at 233 percent, and animation at 57 percent.
Dubai Studio City also completed construction of its three soundstages, which are the largest of their kind in the MENA region and are specifically designed to meet the increasingly sophisticated needs of the entertainment industry, a segment with significant growth potential in the region.
TECOM media cluster managing director Mohammad Abdullah said 2013 was a “very strong year”.
“This is testament to the growth of Dubai’s wider economy, and the revival of confidence in Dubai after a positive 2013, which included winning the Expo,” he said.
“We are delighted to have welcomed such a large number of new business partners into our community, and that we have also been able to support our existing business partners in their growth and development.
“I believe that 2014 has the potential to be another year of strong growth for both the media cluster and the wider media industry in Dubai, particularly across digital, and the creation of world class Arabic content, and I am optimistic about Dubai’s continued growth as a strategic business hub.”