The Board of Directors of TECOM Group PJSC (DFM: TECOM), a leading developer of specialised business districts and dynamic communities, has approved a strategic investment of AED 1.6 billion to acquire 138 land plots spanning 33 million sq.ft. This acquisition, secured from Dubai Holding Asset Management, will expand the Group’s total land portfolio to over 209 million sq.ft., further strengthening Dubai Industrial City’s position as a key destination for manufacturing and logistics companies. Currently operating at 99% occupancy—including plots acquired last year—Dubai Industrial City is experiencing heightened demand, driven by national initiatives such as Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda ‘D33’..... Read more »
Posted on : 9/17/2025