Dubai business park operator TECOM Group has announced a significant investment of 340 million UAE dirhams ($93 million) to develop Grade A office spaces in Dubai Internet City. This initiative includes the launch of Innovation Hub Phase 3, which is scheduled for completion by mid-2027. The latest move by the group will bring its total investments to AED 2 billion, encompassing additions in commercial and industrial assets. Part of a strategic plan revealed in May, this expansion also includes acquiring additional land, thereby extending TECOM Group’s managed land leasing portfolio to 179 million square feet.
Real Estate Development, Commercial Leasing,United Arab Emirates, Dubai
https://www.zawya.com/business/real-estate/dubais-tecom-group-to-invest-93mln-in-grade-a-office-spaces-at-new-innovation-hub-phase-3-h7z7hyls