TECOM Group

TECOM Group has been developing business districts and associated facilities in Dubai since 1999. The group has worked with the Dubai Government on

Dubai Design District, Dubai Industrial City,{{Cite web|url=http://www.iedcdubai.ae/initiatives/other_initiatives/3|title=iecddubai.ae|website=Dubai Islamic Economy Development Centre|access-date=2016-06-30}}{{Cite web|url=http://gulfnews.com/business/economy/halal-cluster-launched-at-dubai-industrial-city-1.1294870|title=Gulf News -Halal cluster launched at Dubai Industrial City|date=2014-02-23|access-date=2016-06-30}} Dubai Internet City,{{Cite web |title=Tecom reshuffles top brass - Khaleej Times|url=http://www.khaleejtimes.com/business/companies/tecom-reshuffles-top-brass|access-date=2016-06-30|website=www.khaleejtimes.com}} Dubai Industrial City,{{Cite web|url=http://www.arabianbusiness.com/dubai-launches-plan-for-international-centre-for-3d-printing-630317.html#.V3TP1UZ964Q|title=Dubai launches plan for International Centre for 3D Printing|access-date=2016-06-30}}{{Cite web|title=Mohammed bin Rashid Launches 2030 Dubai Industrial Strategy {{!}} WAM|url=https://www.wam.ae/en/news/emirates/1395297147791.html|access-date=2016-06-30|website=www.wam.ae}} and Dubai Science Park.{{Cite web|title=Tecom Group's Dubiotech, EnPark join to form Dubai Science Park|date=18 October 2015 |url=http://www.emirates247.com/business/tecom-group-s-dubiotech-enpark-join-to-form-dubai-science-park-2015-10-18-1.607116|access-date=2016-06-30|language=en-GB}}{{Cite web|date=2015-10-18|title=Tecom Group's Dubiotech and Enpark join to form Dubai Science Park|url=http://gulfnews.com/business/sectors/technology/tecom-group-s-dubiotech-and-enpark-join-to-form-dubai-science-park-1.1602387|access-date=2016-06-30}} TECOM manages Dubai Internet City, Dubai Media City, Dubai Studio City and Dubai International Academic City.{{Cite web|url=http://me.pcmag.com/middle-east/5649/news/huawei-announces-new-national-hq-in-dubai-internet-city|title=Huawei Announces New National HQ in Dubai Internet City|date=2016-02-07|website=PC Mag Middle East|language=en-US|access-date=2016-06-30}}{{Cite web|url=http://gulfnews.com/business/sectors/media/dmc-marks-unparalleled-growth-as-it-celebrates-its-tenth-anniversary-1.799981|title=DMC marks unparalleled growth as it celebrates its tenth anniversary|last=Baldwin|first=Derek |date=2011-04-28|access-date=2016-06-30}}{{Cite web|url=http://www.leadersme.com/dubais-prime-for-film-production/|title=Dubai's prime for Film Production {{!}} LEADERS MIDDLE EAST|website=www.leadersme.com|access-date=2016-06-30}}{{Cite web|url=http://www.wam.ae/en/news/emirates/1395228688235.html|title=Dubai International Academic City holds meeting of Heads of 20 Universities {{!}} WAM|website=www.wam.ae|access-date=2016-06-30}} Dubai Design District (d3) is also a part of the group's themed developments portfolio, located adjacent to the Business Bay area.{{Cite web|url=http://gulfnews.com/business/sectors/retail/phase-two-of-dubai-s-d3-on-track-for-completion-in-2018-1.1687283|title=Phase two of Dubai's d3 on track for completion in 2018|author=Sarah Algethami|date=2016-03-09|access-date=2016-06-30}} Emirates Towers District is the latest addition to the group's portfolio of business communities.{{Cite web|url=https://gulfbusiness.com/dubais-new-dhs5bn-business-district-developed-tecom/|title=Dubai's new Dhs5bn business district to be developed by Tecom|last=Nagraj|first=Aarti|date=|website=Gulf Business|access-date=2016-06-30}}

The group launched an innovation strategy worth AED 4.5 billion to create infrastructure and drive entrepreneurship. This includes developing innovative parks, creative spaces, technology laboratories, and smart buildings, launching new business incubators, and establishing a start-up fund to stimulate innovation.{{Cite web |date=2016-08-21 |title=Tecom investments unveils future strategy and initiatives to support Dubai's transformation into a global innovation hub {{!}} WAM |url=http://www.wam.ae/en/news/economics/1395271756670.html |access-date=2022-07-12 |archive-url=https://web.archive.org/web/20160821184915/http://www.wam.ae/en/news/economics/1395271756670.html |archive-date=2016-08-21 }} As part of this, the group launched a new platform for entrepreneurs and media start-ups. The group first invested in incubation and innovation centers in 2013, within Dubai Internet City, which has since worked with more than 20,000 people on hackathons, competitions, and community events.{{Cite web |date=2016-08-21 |title=Tecom Group announces new innovation centre for entrepreneurs and media start-ups {{!}} WAM |url=https://www.wam.ae/en/news/economics/1395288422159.html |access-date=2022-07-12 |archive-url=https://web.archive.org/web/20160821144108/https://www.wam.ae/en/news/economics/1395288422159.html |archive-date=2016-08-21 }}{{Cite web |date=2016-08-09 |title=Tecom reshuffles top brass - Khaleej Times |url=http://www.khaleejtimes.com/business/companies/tecom-reshuffles-top-brass |archive-url=https://web.archive.org/web/20160809132155/http://www.khaleejtimes.com/business/companies/tecom-reshuffles-top-brass |archive-date=2016-08-09 |access-date=2022-07-12 }}

TECOM Group has collaborated with the UAE’s Ministry of Industry and Advanced Technology (MOIAT) to facilitate the country’s decarbonization efforts. It is also working on developing a freight terminal for the UAE’s national railway project, Etihad Rail. {{Cite web |date=1 April 2022 |title=Etihad Rail inks deal for giant freight terminal in Dubai to boost trade ambitions |url=https://www.arabianbusiness.com/industries/transport/etihad-rail-inks-deal-for-giant-freight-terminal-in-dubai-to-boost-trade-ambitions |access-date=17 March 2023 |website=arabianbusiness.com}}{{Cite web |date=31 March 2022 |title=Etihad Rail announces rail freight terminal at Dubai Industrial City |url=https://www.wam.ae/en/details/1395303035890 |access-date=17 March 2023 |website=wam.ae}}

In June 2022, the Group announced its intention to float on the DFM, subsequently raising $1.67 billion from an IPO. It started trading on the DFM in July 2022.

In February 2018, Malek Al Malek took over as Group CEO of TECOM Group, replacing Dr. Amina Al Rustamani.{{Cite web|url=https://www.thenational.ae/business/dubai-holding-appoints-new-ceos-for-three-of-its-companies-1.702622|title=Dubai Holding appoints new CEOs for three of its companies|last=Townsend|first=Sarah|date=Feb 7, 2018|website=The National|access-date=}} After the public listing, Al Malek was named Chairman of the Group. {{Cite web |date=9 June 2022 |title=Tecom Group is resilient to any change in ways global tech companies work, says Chairman |url=https://gulfnews.com/business/markets/watch-tecom-group-is-resilient-to-any-change-in-ways-global-tech-companies-work-says-chairman-1.1654759322535 |access-date=15 March 2023 |website=gulfnews.com}} Abdulla Belhoul is the present CEO of TECOM Group. {{Cite web |date=23 January 2022 |title=Power Letters 2023: Abdulla Belhoul, chief executive officer, Tecom Group |url=https://gulfbusiness.com/abdulla-belhoul-ceo-tecom-group/ |access-date=15 March 2023 |website=gulfbusiness.com}}

For the year 2022, Tecom Group posted a net profit of AED 725.6 million.{{Cite web |last=Salian |first=Neesha |date=2023-02-10 |title=Tecom Group records 28% rise in net profit to Dhs725.6m in 2022 |url=https://gulfbusiness.com/tecom-records-28-rise-in-net-profit-for-2022/ |access-date=2023-02-12 |language=en-US}}

• In5 {{Cite web |last=Nagraj |first=Aarti |date=2016-11-27 |title=Tecom launches new incubator for start-ups in Dubai Design District {{!}} UAE News |url=https://gulfbusiness.com/tecom-launches-new-in5-incubator-in-dubai-design-district/ |access-date=2023-04-03 |language=en-US}}
• D/Quarters {{Cite web |title=Tecom launches co-working space D/Quarters |url=https://gulfnews.com/business/tecom-launches-co-working-space-dquarters-1.88285170 |access-date=2023-04-03 |website=gulfnews.com |date=June 2022 |language=en}}
• GoFreelance {{Cite web |last=John |first=Issac |title=Get freelance permit in Dubai for Dh7,500 |url=https://www.khaleejtimes.com/economy/get-freelance-permit-in-dubai-for-dh7500 |access-date=2023-04-03 |website=Khaleej Times |language=en}}
• Marketplace{{fact|date=June 2024}}
• AXS {{Cite web |title=Tecom Group's digital arm AXS goes all out on 'smart' |url=https://gulfnews.com/business/tecom-groups-digital-arm-axs-goes-all-out-on-smart-1.1595837509532 |access-date=2023-04-03 |website=gulfnews.com |date=27 July 2020 |language=en}}

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Category:Real estate companies of the United Arab Emirates

Category:Organisations based in Dubai

Category:Companies based in Dubai

Category:Business parks of the United Arab Emirates

Category:Emirati companies established in 2005

Category:Business services companies established in 2005

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