Tecom to develop Emirates Towers Business Park
Tecom Group will develop and operate Emirates Towers Business Park, located near Dubai International Financial Centre (DIFC)
Tecom Group will develop and operate Emirates Towers Business Park, located near Dubai International Financial Centre (DIFC).
Fareed Abdulrahman Al Janahi has been appointed as the chief executive officer of the development.
Al Janahi commented: “I am honoured to oversee the development and management of the Emirates Towers Business Park, which will be a key differentiator across the business environment in the region. The team and myself will make sure to provide the finest services that will ensure an exceptional experience for all visitors and customers of the business park in the future.”
Dr Amina Al Rustamani, chief executive officer of Tecom Group, said: “Choosing Tecom Group to take over the development and management of Emirates Towers Business Park reflects the confidence and distinct status that the group enjoys as a leading developer and operator of the region's most successful business communities.”
Al Rustamani added: “The launch of the project comes at an opportunistic time when the real estate market in Dubai is witnessing a clear growth in demand for premium commercial and office space. Reports indicate that this growth will continue to increase in the following years. Premium commercial space accounts for 20% of the total business space currently available in Dubai, with an occupancy rate of 92%.
"The growing demand for distinguished business space is evidence that Dubai remains a preferred destination for key international and regional companies, given the Emirate's strategic location and business-friendly environment.”
Tecom Group will develop and manage the project in collaboration with DIFC, which will provide a legislative environment with international standards of governance and transparency.
The new business hub will offer a wide range of office space for international companies looking to move or expand their business in the region. The business park will also include three luxury five-star hotels, retail areas featuring a range of international brands and F&B options, a dedicated arena for events and ancillary facilities to support corporates.