Post by : Badri Ariffin

TECOM Group PJSC has announced the inauguration of Phase 4 of the Innovation Hub at Dubai Internet City. This expansion is designed to address the rising demand for high-quality office spaces from international technology companies and other modern sectors.

Spanning a gross leasable area (GLA) of 263,000 square feet with an investment of AED 615 million, the project reaffirms TECOM Group’s commitment to solidifying Dubai’s status as a hub for digital innovation. In total, TECOM Group's investment in the Innovation Hub will reach AED 2 billion, marking it as one of the most significant technology infrastructure initiatives in the region.

Successful Previous Phases

The launch of Phase 4 follows the tremendous success of prior phases:

• Phase 3 was fully leased before its expected completion in 2027

• Phase 2 has been completed and is fully rented out to Fortune 500 companies and leading global digital enterprises

• Phase 1 is still thriving, hosting prominent tech firms such as Google and Gartner

This robust demand illustrates multinational companies' confidence in Dubai Internet City as an operational base for their Middle Eastern ventures.

Expanding Grade-A Office Solutions

Phase 4 will introduce new Grade-A office spaces to assist TECOM Group in catering to both new and existing clients. The project is set for completion in 2028.

The increasing demand for such office spaces is fueled by various national and regional strategies, including:

• UAE Digital Economy Strategy

• Dubai Economic Agenda D33

These strategies are intended to elevate Dubai as a leading global tech and innovation nexus.

CEO's Insights on Growth and Strategy

Abdulla Belhoul, CEO of TECOM Group PJSC, articulated that the Phase 4 launch represents the Group’s commitment to fostering advanced industries within the UAE.

He emphasized that Dubai’s attractive business climate and progressive strategies draw investors and creators from across the globe.

Also, Belhoul noted that TECOM Group is in a robust financial position, with substantial liquidity, and is poised to seize favorable market opportunities. The company is eager to expand into lucrative sectors to provide lasting value to its shareholders.

Self-Funded Development and Strong Financial Outcomes

TECOM Group will finance this development internally, thereby ensuring a solid position regarding debt and liquidity.

This announcement follows the Group’s impressive financial performance over the nine-month period in 2025:

• Revenues surpassed AED 2.1 billion

• Reflecting a 20% growth year-on-year

• Net profits exceeded AED 1.1 billion

• An 18% rise in net profits compared to 2024

These results are underpinned by higher occupancy rates, climbing rental values, and the ongoing expansion of the company’s real estate assets.

The Importance of Dubai Internet City in the Tech Landscape

Founded in 1999, Dubai Internet City has established itself as the region's largest technology hub. It accommodates a diverse array of businesses:

• start-ups

• Fortune 500 companies

• multinational corporations

Currently, it accounts for about 65% of Dubai's technology GDP.

The district provides:

• Grade-A office accommodations

• 20 research and innovation centers

• a comprehensive business ecosystem

This ecosystem positions it as a prime destination for digital economy enterprises worldwide.

Part of TECOM Group’s Expansive Network

Dubai Internet City is one of several specialized business districts within the TECOM Group portfolio. Other districts include:

• Dubai Media City

• Dubai Production City

• Dubai Studio City

• Dubai International Academic City

• Dubai Knowledge Park

• Dubai Science Park

• Dubai Design District (d3)

• Dubai Industrial City

Together, these districts create a solid infrastructure platform supporting various sectors, including media, education, science, manufacturing, design, and technology.

The introduction of Phase 4 of the Innovation Hub signals Dubai’s ongoing evolution as a global center for technology and innovation. This new development will bolster digital enterprises, align with Dubai’s economic objectives, and enhance the capacity for international businesses wishing to establish operations in the region.

With consistent financial performance and rising demand for Grade-A office spaces, the launch of Phase 4 positions Dubai Internet City for sustained growth and prosperity.

#Global News #Dubai #World News