
TECOM Investments, a subsidiary of Dubai Holding, develops and manages businesses that support the growth of knowledge-based industries in Dubai. TECOM currently has interests in five industry clusters: information and communication technology (ICT), media, education, biotechnology and energy.
TECOM ’s first brand, Dubai Internet City, was established in October 2000 to support and develop a cluster for the ICT sector. Dubai Media City for the media cluster, and Dubai Knowledge Village for the education cluster, were set up in January 2001 and October 2003, respectively. The massive growth in demand for education in the region led to the launch of Dubai International Academic City (DIAC) in 2007.
The success of the publishing and broadcasting segments of the media cluster at Dubai Media City led to the launch of International Media Production Zone (IMPZ) and Dubai Studio City. TECOM also launched Dubai Outsource Zone (DOZ) in March 2004 and contributed to the life sciences sector with Dubai Biotechnology and Research Park (DuBiotech).
TECOM Investments further supports businesses with services such as telecommunications (including managed and secure hosting by eHosting DataFort), district cooling by Empower, hospitality services (e.g.booking of hotels, meeting rooms, car rentals, etc.), on-site and expedited issuance of business licenses, visas, etc.
TECOM ’s Arab Media Group broadcasts radio programmes through eight stations, publishes two daily newspapers and has outdoor advertising and events management capabilities.
Over the last six years, TECOM has developed the largest IP infrastructure in the world and created the nucleus for a new telecommunication company, which is now the second mobile telephone operator in the UAE after Etisalat. TECOM owns 20% equity shares of this new company - Emirates Integrated Telecommunications Company (EITC).
TECOM is also extending its reach globally by investing overseas via a new subsidiary SmartCity - a joint venture between TECOM Investments and SAMA Dubai, a sister entity in the Dubai Holding group formed in March 2007 to develop and manage knowledge industry townships worldwide.
TECOM has also tied up with its sister company in the Dubai Holding group - Dubai Investment Group (DIG), to make strategic telecom acquisitions. This has resulted in the acquisition of 35% stake in Tunisie Telecom and 60% of Maltacom, carriers in Tunisia and Malta respectively. It also has stakes in Axiom Telecom, a leading company in the wireless communication sector and in Interoute, the operator of Europe’s most densely connected voice and data network. |