TECOM Investments

Dubai, UAE, 15 May 2024: The Board of Directors at TECOM Group PJSC (DFM: TECOM), (the “Company” or the “Group”), the creator of strategic, sector-focused business districts across Dubai and a major contributor to the rapid growth of Dubai’s knowledge and innovation-based economy, has approved a Strategic Acquisition and Development Plan following a board meeting held earlier today. The expansion plan will involve TECOM Group investing AED 966 million to acquire commercial and industrial assets from Dubai Holding Asset Management (“DHAM”) and earmarking AED 689 million for to develop grade ...