Thursday, September 13, 2007

Dubai Internet City all set for major expansion

The Dubai Internet City is looking forward to undergo major five fold expansion with the zone as the base for most companies, said a top executive of the company.

Expansion at Dubai Internet City

The Executive Director of Dubai Internet City, Jamal Abdul Salam, said "At present we house a little more than 1000 companies in the Internet City zone, covering an area of one million square feet. Plans are on for the expansion of the zone, and we would be able to increase the number of companies at least five times, in the next two to three years," he said.

The expansion will take place as a result of joint venture entered in May this year between Dubai Properties, and Tecom Investments, to create additional space to house companies.

Both Dubai Properties and Tecom investments, entered into a real estate joint-venture during the month of May this year, to undertake developments in the free zone clusters of Dubai Internet City, Dubai Media City, Dubai International Academic City and International Media Production Zone.

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