Tecom, Britain’s Tech City ink deal

Sir Edward Lister, the deputy mayor of London, recently visited the UAE as part of a business delegation seeking to develop closer partnerships and synergies between the UK’s Tech City, a media and technology hub based in East London, and Dubai Internet City, or DIC, Dubai Outsource Zone, or DOZ, and Dubai Media City, or DMC, three of Tecom Investments’ 10 interconnected and industry-focused business parks.

By (Staff Report)

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Published: Sat 20 Apr 2013, 11:36 PM

Last updated: Sat 4 Apr 2015, 9:33 AM

the UK delegation met with DIC and DOZ managing director Malek Al Malek and DMC managing director Mohammad Abdullah. In addition to meeting with senior directors from Tecom, the delegation, which includes a number of leading UK company executives, also took a tour of the facilities and visited companies located in DIC and DMC.

“We are delighted that the deputy mayor and his high-profile delegation from London have come to Dubai to witness first-hand the thriving business communities found within Tecom’s business parks,” Tecom Investments group chief executive officer Dr Amina Al Rustamani said.

“By creating industry specific infrastructure and business environments geared towards growth, [DIC, DOZ and DMC] have been very successful in attracting investment and companies from right across the world, including many well-known British companies.”

During the meeting, Al Malek and Tech City CEO Joanna Shields signed a memorandum of understanding to confirm the common desire of the two organisations to promote and develop trade, inward investment and business relations between London and Dubai. Such goals will be achieved through sharing the best practices and ideas as well as the provision of support services for London businesses setting up in Dubai and vice-versa.

“Dubai and London share a common commitment to creating the best place to imagine, start and grow a business. I’m very excited to return here to share our success and learn from Dubai Internet City’s success. Together we will build a bridge that will enable entrepreneurs and the businesses they create to grow internationally,” Shields said.

“This MoU reflects our desire to strengthen our trade and knowledge links with the UK with a specific focus on digital industries and technology. We look forward to building a strong relationship with the UK government and businesses,” Al Malek said.

Strengthening ties further, the governments of both countries have established the UK-UAE Joint Economic Committee, and have set a target of increasing trade between both countries by 60 per cent by 2015.

business@khaleejtimes.com



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