Renewed focus on its core business of developing and operating business parks
TECOM Investments, a wholly-owned subsidiary of Dubai Holding, has today announced a new operational structure, which will allow the company to further focus on its core business of developing and operating business parks.
The implementation of a new structure comes at a time when the region’s macroeconomic fundamentals are increasingly positive, offering an opportunity for TECOM Investments to ensure it is strongly positioned to capitalise on Dubai’s future growth prospects.
Under the new structure, TECOM Investments real estate business will be segmented into three verticals. These will be:
Commenting on the changes, Dr Amina Al Rustamani, Group CEO of TECOM Investments, said: “The region’s economic outlook looks promising and we are entering the next phase of Dubai’s impressive growth story. We need to be prepared for this opportunity and with this new company structure we will have clear ownership of each of the key success factors and processes to drive business stability and growth.”
Badr Al Gargawi is now CEO of TECOM Development & Planning where he will manage matters relating to land, infrastructure and building development. Mr Gargawi will be responsible for all master planning, construction, infrastructure, and engineering development in TECOM Investments. Mr Gargawi has been with TECOM for 7 years and was previously CEO of Tamdeen and Managing Director of TECOM Business Parks’ Engineering Management unit.
Malek Sultan Al Malek is now CEO of TECOM Freezone Business Parks. Mr Al Malek will be responsible for all TECOM Investments’ free zone assets comprising: Dubai Internet City, Dubai Outsource Zone, Dubai Media City, Dubai Studio City, International Media Production Zone, Dubai International Academic City, Dubai Knowledge Village, DuBiotech and ENPARK. Mr Al Malek has been with TECOM for 10 years and was previously Managing Director of Dubai Internet City and Dubai Outsource Zone.
Abdulla Belhoul is now CEO of Dubai Industrial City. Mr Belhoul will continue to be responsible for TECOM Investments’ onshore assets comprising of offices, logistics facilities, labour accommodation, and industrial land in Dubai Industrial City. Mr Belhoul has been with TECOM Investments for 6 years.