Tecom's nine free zones saw significant growth, including businesses expanding
The Dubai government's TECOM Business Parks (TBP) signed up 549 new businesses in its nine free zones last year, the company has announced.
Existing companies including Amity University, Sony Music Middle East, Publicis, Hewlett Packard, Dell and IBM Middle East also expanded - a symbol of Tecom's success, the company said in its 2013 review report.
Expansions across the business parks equalled 11 percent of the total leasable area of TBP's free zones.
The number of ICT businesses grew by 181, the sciences cluster added 57 new businesses, the education cluster added 67, and the media cluster grew by 233 business partners.
Tecom also celebrated Dubai Studio City's second state-of-the-art sound stage, providing an operating environment for media production and boosting Dubai's growing film industry.
Also in 2013, Dubai Internet City inaugurated In5, a start-up innovation center providing mentorship, support and a dynamic and engaging working environment to entrepreneurs and small businesses.
Dubai International Academic City launched the Workforce Planning Study, to evaluate the skills needed in the UAE in the future. DIAC universities also launched 35 new program during 2013.
"2013 was an impressive year for TECOM's free zones. Our industry focused clusters performed ahead of expectations, adding a significant number of new business partners and growing existing ones, which has helped to further develop the industries at large as well as our dynamic and collaborative communities,"Tecom Business Parks CEO Malek Al Malek said.
"TECOM Business Parks has continued its track record of year on year growth in terms of gaining new business partners, as well as positioning itself at the forefront of developing a knowledge economy and service offering that is in line with the government of Dubai's vision." He further stated, "We recognise the opportunities, both for the Emirate and TECOM that are provided by a number of major initiatives the government is now pursuing. These lie within our strategic vision to actively support and contribute to the Emirate's EXPO 2020 strategy, Smart Dubai initiative, as well as being a leader in the green economy and becoming the global capital of the Islamic economy. Our industries have already played a key role in shaping Dubai's business economy and we aim to proceed in this direction."For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.