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More About TECOM Dubai

    Overview of TECOM

    TECOME tower in Dubai
    Besides its robust real estate sector, Dubai is also known for offering extensive infrastructure and a highly conducive environment for multinational businesses. The efforts made in this regard rest at the government level which makes sure that leverages and a range of services are offered to the companies operating from the specific zones meant primarily for business purposes. One such body that holds and monitors the business operations in all free zones of the state is Dubai Technology, Electronics, Commerce and Media Free Zone Authority, which Is also known as TECOM Dubai.

    All free zones in Dubai come under the umbrella of TECOM, making it one entity ensuring free zone facilities for every company operating in all 10 of its business parks. As of 2012, there are 10 business parks in five industry clusters of TECOM (media, life sciences, education, manufacturing and logistics, and information and communication technology). These business parks include DuBiotech, Dubai Outsource Zone, Dubai Knowledge Village, Enpark, Dubai Studio City, Dubai International Academic City, Dubai Media City, International Media Production Zone, Dubai Internet Zone, and Dubai Industrial City.

    Although, TECOM was formally established in 2005, the body has been operating since the launch of Dubai Internet City in 2000. Ever since formal induction of TECOM in 2005, the business activity in Dubai has increased many folds and it has also been diversified. The economy of Dubai has become more aware of the benefits it can reap this way. This knowledge based economy has been supporting the state ever since its property market crashed in 2008. Almost 5,000 companies operate from these parks, making TECOM a notable entity in the state’s economy.

    Moving forward with its vision to make Dubai literally the centre of multinational corporate business and knowledge industry, the range of facilities offered in TECOM zones is tuned to accommodate the respective businesses to the fullest. The purpose built infrastructure here, studded with oodles of free zone facilities, has helped TECOM live the dream of becoming a strong pillar of Dubai’s thriving industry. TECOM not only ensures the business efficiency for all companies operating in its business zones but also works in direct coordination with Dubai and the UAE government to design and implement more policies that favour foreign investors.

    In addition to ensuring a more business friendly environment for the companies in their respective zones, TECOM also works on expanding itself by adding more zones to its towering stack. Among Dubai properties that have experienced successful expansion over the years, TECOM is a notable one as the development here has increased 10 times during the last one decade. Many new free zone projects are in pipeline to facilitate businesses from service sectors other than media, IT, electronics, internet, and manufacturing.

    Dubai TECOM offers real estate space for companies that wish to cash on the thriving and robust business ambience of their respective TECOM zones. The interested investors and companies can lease land for short as well as long term. The free zone benefits, including 100% ownership, 100% repatriation of capital, and 0% corporate and income tax, are offered to every business that moves to TECOM. Some other services offered especially by TECOM include speedy issuance of business license and visa, telecommunications, hospitality, and district cooling by Empower. TECOM has been very influential in raising and strengthening the value of commercial property in Dubai real estate.

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