Dubai, United Arab Emirates. - Thursday, November 28th 2013 [ME NewsWire]
Dr Amina Al Rustamani, Group CEO of TECOM Investments, today led the world class developer and operator of business parks’ congratulations to the leadership of the UAE and Dubai following news that the Emirate has won the right to host Expo 2020.
In a memo to TECOM’s 4,500 business partners, Dr Amina stated that its 11 industry-focused business parks – 10 of which are free zones – will play an important role in providing a stable and dedicated platform for thousands of companies as they seek to take advantage of the commercial opportunities hosting the Expo will bring.
According to a recent Oxford Economics report, hosting the Expo will contribute AED 141 billion to Dubai’s GDP and create 277,000 jobs over the next seven years. Dr Amina’s memo suggests that these benefits will come in three distinct phases, directly helping businesses and further developing the Emirate’s knowledge economy.
Extracts from Dr Amina Al Rustamani’s memo said: “Winning Expo 2020 is a remarkable achievement for Dubai and the UAE. We must recognise the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, in seeking to bring the World Expo to the Middle East for the very first time – and for foreseeing the benefits it will bring to the business community and the wider knowledge economy. His ambitions for the Emirate over recent years have ensured Dubai is more than capable of welcoming the world on such a huge scale.
“Hosting Expo 2020 will be a catalyst for the ongoing diversification and development of Dubai’s knowledge economy, and we are likely to see the benefits in three distinct phases. There will be an immediate shot in the arm in terms of economic confidence. This will be followed by the planned infrastructure and project investments taking shape over the next six years during the preparation stage, which will offer growth opportunities across a range of industries – from manufacturing and media to tourism and education. Once the event is complete there will also be a strong legacy that the event leaves behind, which businesses will be able to take advantage of.
“Companies of all sizes and sectors will benefit as they seek to support the event with products and services before, during and after the Expo. Importantly, through it all, TECOM Investments will play an important supporting role in providing the business-friendly, stable and dedicated environments from which thousands of companies will be able to compete and succeed, creating hundreds of thousands of jobs along the way.”
Commenting on the Expo announcement, Malek Al Malek, CEO of TECOM Business Parks, said: “On behalf of TECOM’s business parks, I congratulate the UAE and Dubai leadership on securing the right to host Expo 2020. This is a huge achievement, which will enable the UAE to demonstrate its many attractions, innovations and talents on a global scale. As it has always done in the past with such occasions, I am confident that Dubai will strive to not only deliver a successful Expo, but it will aim to host the best Expo the world has ever seen.
“Dubai’s successful Expo campaign theme, Connecting Minds, Creating the Future, resonates closely with the ambition of TECOM’s business parks. Since their inception, these dedicated business hubs have underpinned Dubai’s drive to become a knowledge-sharing economy through their dedication to specific industries.”
The leaders of TECOM’s business parks have also congratulated the UAE and Dubai on winning the Expo bid. Their reactions and views on how their industries will support the Expo project are copied below.
REACTION FROM TECOM’S INDUSTRY FOCUSED CLUSTERS:
Abdullah Belhoul, CEO of Dubai Industrial City, said: “We are delighted to hear Dubai has won Expo 2020, and congratulate His Highness Sheikh Mohammed bin Rashid Al Maktoum, whom under his wise leadership, Dubai was able to compete at a global level and demonstrate the tangible achievements of Vision 2020 to the whole world. We are positive that the Expo will add to the continued developments and successes that the UAE has been witnessing over recent years. It will certainly be a major boost for all the sectors, and will significantly be reflected on the industrial sector. We consider the Expo a great opportunity for Dubai Industrial City, which is strategically located next to the new Al Maktoum Airport, and will be in a perfect location to offer all exhibitors and investors an excellent nearby zone of advanced products and facilities including warehousing and logistics solutions.”
Majed Al Suwaidi, Managing Director, TECOM’s ICT Cluster, which includes Dubai Internet City and Dubai Outsource Zone, said: “I want to congratulate everyone involved on the fantastic news that Dubai has won the Expo 2020 bid. The Expo will showcase Dubai and the UAE’s excellence across all fields, including the ICT and technology industries, and will provide a huge boost to the industry as well as our economy and cultural offering. Dubai’s global connectivity and accessibility, as well as its thriving industries and infrastructure, will allow exhibitors to reach a large and varied international audience, and Dubai Internet City and Dubai Outsource Zone will provide the grounds and the ecosystem to allow companies in the ICT value chain to flourish in the run-up to and during the event. Holding the Expo will bring together the global community in a celebration of Dubai’s achievements and its pioneering industries and talent, and it looks to be an inspiring and world-class event.’
Mohammad Abdullah, Managing Director, TECOM’s Media Cluster, said: “Congratulations to everyone who has been involved in Dubai’s successful bid for Expo 2020. Not only does this confirm Dubai and the UAE’s status as a leading economy and cultural destination, but it demonstrates to the world the top quality services and talent that the Emirate offers. The UAE is a truly inspiring success story and the Expo will allow the world to marvel at the wonders offered by Dubai. Our successful bid sends a positive signal to the rest of the world that the Middle East, a place of great change in recent years, is a region of innovation and dynamism, and it confirms the UAE’s place as a leader on the world stage.”
Dr Ayoub Kazim, Managing Director, TECOM’s Education Cluster, which includes DIAC and DKV, said: “This is a significant milestone in the UAE and Dubai’s history, and one that will benefit the region for many years to come. Hosting the event will not only strengthen Dubai’s position as one of the world’s leading trade hubs, but it will also help businesses foster greater collaborations with other communities and inspire the next generation of business leaders and innovators. Winning the bid also underpins our own goals to develop the region’s talent pool and produce world-class graduates that are ready and willing to contribute to the UAE’s social and economic development.”
Marwan Abdulaziz, Managing Director TECOM’s Sciences Cluster, which includes DuBiotech and ENPARK, said: “I would like to congratulate the leaders of the UAE on the substantial achievement of being chosen as the host for Expo 2020. It is a testament to the strong vision of our esteemed leadership that our city of Dubai has been selected. The strong sustainability mission of Expo 2020 is something that we champion at ENPARK every day. Our freezone acts as a platform for synergies that favour innovation and knowledge sharing in the sustainability sector as a method of building a diversified economy, and we believe that in winning this truly prestigious event, the sustainability sector in Dubai will exponentially build in strength. As a cluster, we are well aligned with the values and objectives of Expo and look forward to assisting the organisers in any way we can to ensure the event is a success for the good of our country.”
ABOUT TECOM INVESTMENTS
TECOM Investments, a wholly-owned subsidiary of Dubai Holding, is a world class developer and operator of business parks. TECOM’s business parks are currently providing a home in the Gulf to over 4,500 companies, which range from major multinationals to local start-ups and small firms.
TECOM Investments’ real estate business is strategically organised into three verticals:
TECOM Development & Planning (Land, Infrastructure and Building Development)
TECOM Freezone Business Parks
Dubai Industrial City
TECOM’s freezone business parks, which feature purpose built facilities and industry specific infrastructure, include: Dubai Internet City and Dubai Outsource Zone, together forming an ICT Cluster; Dubai Media City, Dubai Studio City and the International Media Production Zone, which make up a Media Cluster; Dubai Knowledge Village and Dubai International Academic City, combining to create an Education Cluster; and DuBiotech and ENPARK, which comprise the Sciences Cluster.
Dubai Industrial City is TECOM’s non free zone business park that is dedicated to the manufacturing and logistics industry.
In addition to business parks, TECOM Investments features a number of pure play companies. These include: eHosting DataFort, a managed IT and advisory services provider; Arab Media Group, a leading UAE media and entertainment organization with subsidiaries covering broadcast, event management and outdoor advertising; and, Global Village, a leisure, tourism and entertainment project.
TECOM Investments owns share capital in EMPOWER, a district cooling service provider; Nexgen Advisory Group, a MENA-based specialized advisory and consulting services organisation; and, Energy Management Services, one of the leading energy savings companies in the Middle East.
Contacts
Sam Turvey, Associate Partner
Bell Pottinger
Tel: +971 555597383
Email: sturvey@bell-pottinger.com
Katy Polley, Senior Consultant
Bell Pottinger
Tel: +971 556360424
Email: kpolley@bell-pottinger.com
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