TECOM Investments, part of Dubai Holding and an operator with top industry-focused business communities based in Dubai, recently announced that it experienced record-breaking growth last year.
In 2014, TECOM added over 800 new business partners and set up 380 expansions throughout 11 business communities. The total number of operating businesses under TECOM stands at 4,650, and TECOM employs 74,000 people throughout the company’s six industries: science, media, education, design, industry, fashion, and art and luxury.
“Our pioneering communities continue to attract new business partners and facilitate expansions, as demonstrated by our strong annual results,” TECOM Investments
Group CEO Amina Al Rustamani
said. "Over the course of the year, we introduced several enhancements to our services for the benefit of our business partners, with a view to making running their businesses easier and more efficient. We also implemented a series of exciting new developments and initiatives that will support future growth and help to drive Dubai’s transition into an innovation-led economy.”
TECOM maintains a 95 percent retention rate with its business communities, and 30 percent of these businesses have been part of TECOM for over 10 years. Its leaders anticipate further growth in the future.
“Over the next 10 years, we will increase the workforce located in our communities from 74,000 to 100,000, grow our business partner base to 10,000 companies, and provide an additional 10 million square feet of office space, resulting in a total of 16 million square feet of dedicated space across Dubai’s prime business locations,” Rustamani said.