Dubai Industrial City Receives Investment of 1.6 Billion UAE Dirhams from TECOM Group

TECOM Group Acquires 33 Million Square Feet of Land in Dubai Industrial City

In a strategic move to bolster its presence in the global supply chain, the TECOM Group has announced the acquisition of 33 million square feet of land in Dubai Industrial City. The acquisition, approved by the Group's Board of Directors, was conducted in accordance with all relevant regulatory and governance requirements.

The strategic location of Dubai Industrial City, near Jebel Ali Port, Al Maktoum International Airport, and an Etihad Rail freight terminal, has cemented its position as a destination of choice for manufacturing and logistics companies. The city, home to 350+ operational factories, is a leading manufacturing and logistics hub for homegrown, regional, and global customers.

The acquisition will enhance Dubai Industrial City's appeal to these companies, further solidifying its position as a key player in the industrial sector. Abdulla Belhoul, Chief Executive Officer of TECOM Group PJSC, stated that the acquisition is part of their strategic growth plan, which has seen total investments in Commercial and Industrial assets reach AED 4.3 billion since last year.

The valuation for the real estate assets was conducted by Jones Lang LaSalle AG (JLL), a credible and independent party accredited by the regulatory authorities. The new acquisition has been financed through the Group's existing resources and will be recognized for revenue within the next 12-24 months.

The acquisition will bolster TECOM Group's Land portfolio, taking it to over 209 million square feet. This expansion will maintain a healthy leverage and liquidity position for the Group, supporting robust and growing customer demand in the industrial sector.

The masterplan of Dubai Industrial City includes industrial land, storage, and logistics spaces. The TECOM Group's subsidiary, Dubai Industrial City LLC, has executed this strategic expansion. The acquisition is in line with the long-term goals of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'.

TECOM Group's H1 2025 financial performance shows a 22% year-on-year growth in net profit to AED 737 million and a 21% increase in revenue year-on-year to AED 1.4 billion. The acquisition is expected to contribute to these positive financial trends in the coming months.

Established in 2004, Dubai Industrial City is part of TECOM Group, which continues to make significant strides in its mission to drive economic growth and diversification in the region. The acquisition is a testament to the Group's commitment to its strategic growth plan and its role as a key player in the industrial sector.

Dubai Industrial City Receives Investment of 1.6 Billion UAE Dirhams from TECOM Group