TECOM Investments signs MoU with Dubai Carbon
Agreement to identify emission reduction opportunities in TECOM parks
TECOM Investments and the Dubai Carbon Centre of Excellence have signed a Memorandum of Understanding (MoU) to identify emission reduction opportunities in the former’s free zone business parks in Dubai.
The MoU was signed by H.E. Waleed Salman, chairman of Dubai Carbon, and Dr. Amina Al Rustamani, group CEO, TECOM Investments.
Commenting on the agreement between Dubai Carbon and TECOM, Salman said: "The collaboration with TECOM Investments has the potential to become Dubai's flagship for resource efficient commercial developments.”
“TECOM's core objective is to act as a catalyst that drives the growth of businesses and people,” Salman added. “The collaboration with Dubai Carbon will introduce environmental considerations that will ultimately lead to the support of green business practices within TECOM Free Zone Business Parks."
Dr. Al Rustamani added: “In this reinvigorated business climate, we should exceed expectations and leverage the public private partnership route to increase our ambition, and provide the end-users with more options to fulfill theirs.”
TECOM Free Zone Business Parks is one of TECOM Investments’ largest portfolio companies, comprising nine business parks under four industry clusters: ICT, media, education and science. Dubai Design District (d3) is the newest of its free zone business parks, with 10 buildings currently under construction.
The parks are home to over 4,500 businesses, including major multinationals and many of the Fortune 500 companies. These will be the ultimate beneficiaries of resource inventory and efficiency strategies that will lead to increased quality of living and working standards, in line with international best practices.
As part of its MoU with TECOM, Dubai Carbon will analyse each park’s operations and identify potential emission reduction initiatives, starting with d3.
Dubai Carbon has been appointed to analyse and advise on the operations of all members of Dubai Holding, in an effort to generate efficiencies and cost savings though comprehensive strategy development. Its agreement with TECOM Investments is the first in line, with all entities of Dubai Holding to follow soon as well.