Latest news with #TecomGroup
Zawya
28-05-2025
- Business
- Zawya
Himatrix launches key phase of Dubai Industrial City R&D unit
Himatrix Group, a leading industrial equipment supplier in Dubai, has inaugurated the first phase of its application lab, research, and training centre at Dubai Industrial City. Spanning 45,000 sq ft, the key facility will support its 100-strong workforce. Spanning 45,000 sq ft, the facility at Dubai Industrial City, part of Tecom Group, will support Himatrix Group's vision for growth and expansion during 2024 in regional and international markets by leveraging the district's strategic geographic location and links to regional and global transportation hubs, including Jebel Ali seaport, Al Maktoum International Airport, intra-regional highway networks and soon, an Etihad Rail freight terminal. Himatrix Group is the parent company of entities including Himatrix Measurements Equipment's, Himatrix Measurement Laboratory, Matrix Packing Materials Manufacturing, and Icpro Technologies. With state-of-the-art technology installed at the facility, the new hub is designed to accommodate Himatrix Group's planned recruitment of additional specialists to support its 100-strong workforce, which will be based at the new centre. "Industrialisation-led economic growth requires that manufacturers have access to an environment that not only encourages innovation but also empowers local production," said Saud Abu Alshawareb of Dubai Industrial City. "Himatrix Group's inauguration at Dubai Industrial City is a testament to market confidence in our ecosystem, which embodies the goals of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33' strategies to promote the manufacturing sector's expansion in the UAE and beyond," stated Alshawareb. "Such specialised laboratories strengthen the industrial cycle that our ecosystem offers to its customers, and we welcome Himatrix Group to unlock opportunities and target further growth from its new base at our district," he added. The company plans to expand its partnerships with global leaders in the field of instrumentation engineering, such as Radwag, Sciex, Ametek, Kruss and Wipotec, and present them with new technology opportunities, through the facility. Himatrix Group Founder and Managing Director Nadeer Ali said: "Innovative ventures such as our new facility at Dubai Industrial City will provide our Middle East customers with unparalleled service quality, setting new benchmarks in customer service not only for the pharmaceutical sector but also for other industries requiring advanced measurement technologies." On its new facility, Ali said: "For us, it represents not just a space for further innovation but more significantly, another step toward excellence." "This facility is a crucial part of our mission to deliver exceptional solutions for our clients and guide them through the latest trends and updates in the realm of mass measurement metrology, analytical science, and physical testing," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-05-2025
- Business
- Trade Arabia
Himatrix launches key phase of Dubai Industrial City R&D unit
Himatrix Group, a leading industrial equipment supplier in Dubai, has inaugurated the first phase of its application lab, research, and training centre at Dubai Industrial City. Spanning 45,000 sq ft, the key facility will support its 100-strong workforce. Spanning 45,000 sq ft, the facility at Dubai Industrial City, part of Tecom Group, will support Himatrix Group's vision for growth and expansion during 2024 in regional and international markets by leveraging the district's strategic geographic location and links to regional and global transportation hubs, including Jebel Ali seaport, Al Maktoum International Airport, intra-regional highway networks and soon, an Etihad Rail freight terminal. Himatrix Group is the parent company of entities including Himatrix Measurements Equipment's, Himatrix Measurement Laboratory, Matrix Packing Materials Manufacturing, and Icpro Technologies. With state-of-the-art technology installed at the facility, the new hub is designed to accommodate Himatrix Group's planned recruitment of additional specialists to support its 100-strong workforce, which will be based at the new centre. "Industrialisation-led economic growth requires that manufacturers have access to an environment that not only encourages innovation but also empowers local production," said Saud Abu Alshawareb of Dubai Industrial City. "Himatrix Group's inauguration at Dubai Industrial City is a testament to market confidence in our ecosystem, which embodies the goals of the Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33' strategies to promote the manufacturing sector's expansion in the UAE and beyond," stated Alshawareb. "Such specialised laboratories strengthen the industrial cycle that our ecosystem offers to its customers, and we welcome Himatrix Group to unlock opportunities and target further growth from its new base at our district," he added. The company plans to expand its partnerships with global leaders in the field of instrumentation engineering, such as Radwag, Sciex, Ametek, Kruss and Wipotec, and present them with new technology opportunities, through the facility. Himatrix Group Founder and Managing Director Nadeer Ali said: "Innovative ventures such as our new facility at Dubai Industrial City will provide our Middle East customers with unparalleled service quality, setting new benchmarks in customer service not only for the pharmaceutical sector but also for other industries requiring advanced measurement technologies." On its new facility, Ali said: "For us, it represents not just a space for further innovation but more significantly, another step toward excellence."
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai Industrial City attracts more than Dh1.7 billion of investments in 12 months
Dubai Industrial City has attracted more than Dh1.7 billion in total investment across vital economic sectors including food and beverages (F&B), heavy equipment, energy solutions, automotive, and light industries over the past 12 months, the district announced during the Make it in the Emirates Forum, which is being held in Abu Dhabi until May 22. The investments attracted by Dubai Industrial City, part of Tecom Group PJSC, underscore the district's pivotal role in supporting the UAE's industrial strategy and solidify its position as a leading destination for foreign direct investment (FDI) by manufacturers seeking global and regional growth from Dubai. 'Accelerating advanced industries is essential to unlock long-term economic growth, and Dubai Industrial City is committed to nurturing such homegrown excellence in the UAE,' said Saud Abu Alshawareb, Executive Vice President – Industrial at Tecom Group, on behalf of Dubai Industrial City. 'The investments attracted over the past year speak to the appeal of our nurturing ecosystem to manufacturers and investors from around the world, and its contribution to Dubai's position as a globally leading hub for FDI. We will continue to play a key role in cementing the UAE and Dubai as global industrial powerhouses, in line with the goals of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'.' The past year has seen significant growth across six dedicated zones at Dubai Industrial City for the base metals, machinery, minerals, F&B, transport, and chemical industries. The investments attracted over the past year build upon Dubai Industrial City's reputation as the preferred destination for manufacturers with specialised infrastructure such as industrial land, storage, and logistics spaces. Among the new customers to join Dubai Industrial City in the past year is Elite Group Holding, a diversified UAE-based conglomerate that will develop a 1 million integrated facility worth Dh100 million to drive growth in the automotive and e-commerce sectors. Pure Ice Cream, the manufacturer of brands such as Baskin-Robbins ice creams and Kwality Ice Creams, is also developing a production facility representing an Dh80 million investment at Dubai Industrial City, while OZON Pharmaceuticals is set to establish a production hub worth more than Dh293 million and spanning 150,700 at the district. Make it in the Emirates Forum provides a platform for industry leaders such as Dubai Industrial City to shape the future of the regional manufacturing sector and advanced industries. The district, home to more than 1,100 homegrown, regional, and global manufacturers as well as 350+ operational factories, serves as a vital link in the global supply chain, offering connectivity to regional and international markets. Situated in proximity to Jebel Ali Port, Al Maktoum International Airport, an Etihad Rail freight terminal, and key road networks, Dubai Industrial City offers access to a vast consumer market from Dubai, located an eight-hour flight from two-thirds of the global population. Dubai Industrial City is part of Tecom Group's portfolio of business districts that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Science Park.
Zawya
05-05-2025
- Business
- Zawya
Tecom Q1 revenue up 21% to $185mln
Tecom Group, a leading developer and operator of specialised business districts across Dubai, has announced a 21% year-on-year (YoY) increase in revenues to AED680 million ($185.13 million) for the first quarter of 2025, while net profit grew by 23% YoY to reach AED361 million during the period. The group's exceptional performance highlights the strength of its diverse asset portfolio and the success of its long-term strategy to unlock sustainable growth by harnessing Dubai's economic momentum, which is elevating the city's appeal as a global business and investment hub. Abdulla Belhoul, Chief Executive Officer of Tecom Group, said: 'Our strong start to 2025 reflects the exceptional performance of our diverse asset portfolio and its pivotal role in championing Dubai's and the UAE's knowledge economy as we attract global companies and world-class talent across six strategic sectors. 'Our impressive Q1 2025 performance reinforces Tecom Group's leading role in curating Dubai's most dynamic and pro-growth business districts as well as our strategic roadmap for sustainable growth. Reflecting Dubai's rising profile as the destination of choice for global investors and entrepreneurial talent, these results highlight how our ecosystems are powering growth in the city's priority economic sectors to create long-term shareholder value.' Q1 2025 Financial Highlights • Strong performance across all business segments and the group's strategic roadmap for expansion and sustainable growth led to revenues of AED680 million, representing YoY growth of 21%. • Reflecting revenue growth and improved operational performance across all areas of the business, EBITDA increased by 23% YoY to AED540 million, while EBITDA margin grew to 79%. • Net profit increased by 23% YoY to AED361 million, while – led by improved collections and the strong performance of income-generating assets – funds from operations (FFO) noted 16% YoY growth to AED480 million. Key Operational Activities • Epson inaugurated its state-of-the-art Innovation Centre at Dubai Production City in February. Demonstrating the company's commitment to innovation and sustainability, the centre will provide local insights to Epson's global teams for the development of next-generation technologies. • Dubai Internet City revealed its contribution towards 65% of Dubai's tech sector GDP as part of the Dubai Internet City – Impact Assessment study conducted in partnership with Accenture and launched during Step Dubai, which the district hosted as a Strategic Partner in February. • In March, Fabtech Engineering, based at Dubai Industrial City, entered a strategic agreement with French industrial leader Groupe M to accelerate innovation within the UAE's nuclear and sustainable energy sectors. Dubai Industrial City attracted more than AED 350 million of investments from food and beverage (F&B) customers in 2024, the district announced during the landmark 30th edition of Gulfood, the world's largest annual F&B sourcing event, this February. • Dubai Science Park welcomed biopharmaceutical giant MSD in January, which strengthened its regional commitment with the launch of a new office focused on the co-creation of health and well-being solutions. Dubai Science Park also hosted the Middle East's first Longevity Science Semester Symposium in February to discuss and promote advancements in healthcare innovation. • Dubai Design District (d3) showcased the Autumn/Winter 2025-26 edition of Dubai Fashion Week in February, further solidifying Dubai's position as a global fashion destination. • Tecom Group launched the third edition of The Good Store in partnership with Dubai Charity Association in March 2025, providing an innovative platform for charitable donations during Ramadan and Eid Al Fitr by uniting its community of more than 137,000 professionals across Dubai. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
04-05-2025
- Business
- Trade Arabia
Tecom Q1 revenue up 21% to $185m
Tecom Group, a leading developer and operator of specialised business districts across Dubai, has announced a 21% year-on-year (YoY) increase in revenues to AED680 million ($185.13 million) for the first quarter of 2025, while net profit grew by 23% YoY to reach AED361 million during the period. The group's exceptional performance highlights the strength of its diverse asset portfolio and the success of its long-term strategy to unlock sustainable growth by harnessing Dubai's economic momentum, which is elevating the city's appeal as a global business and investment hub. Abdulla Belhoul, Chief Executive Officer of Tecom Group, said: 'Our strong start to 2025 reflects the exceptional performance of our diverse asset portfolio and its pivotal role in championing Dubai's and the UAE's knowledge economy as we attract global companies and world-class talent across six strategic sectors. 'Our impressive Q1 2025 performance reinforces Tecom Group's leading role in curating Dubai's most dynamic and pro-growth business districts as well as our strategic roadmap for sustainable growth. Reflecting Dubai's rising profile as the destination of choice for global investors and entrepreneurial talent, these results highlight how our ecosystems are powering growth in the city's priority economic sectors to create long-term shareholder value.' Q1 2025 Financial Highlights • Strong performance across all business segments and the group's strategic roadmap for expansion and sustainable growth led to revenues of AED680 million, representing YoY growth of 21%. • Reflecting revenue growth and improved operational performance across all areas of the business, EBITDA increased by 23% YoY to AED540 million, while EBITDA margin grew to 79%. • Net profit increased by 23% YoY to AED361 million, while – led by improved collections and the strong performance of income-generating assets – funds from operations (FFO) noted 16% YoY growth to AED480 million. Key Operational Activities • Epson inaugurated its state-of-the-art Innovation Centre at Dubai Production City in February. Demonstrating the company's commitment to innovation and sustainability, the centre will provide local insights to Epson's global teams for the development of next-generation technologies. • Dubai Internet City revealed its contribution towards 65% of Dubai's tech sector GDP as part of the Dubai Internet City – Impact Assessment study conducted in partnership with Accenture and launched during Step Dubai, which the district hosted as a Strategic Partner in February. • In March, Fabtech Engineering, based at Dubai Industrial City, entered a strategic agreement with French industrial leader Groupe M to accelerate innovation within the UAE's nuclear and sustainable energy sectors. Dubai Industrial City attracted more than AED 350 million of investments from food and beverage (F&B) customers in 2024, the district announced during the landmark 30th edition of Gulfood, the world's largest annual F&B sourcing event, this February. • Dubai Science Park welcomed biopharmaceutical giant MSD in January, which strengthened its regional commitment with the launch of a new office focused on the co-creation of health and well-being solutions. Dubai Science Park also hosted the Middle East's first Longevity Science Semester Symposium in February to discuss and promote advancements in healthcare innovation. • Dubai Design District (d3) showcased the Autumn/Winter 2025-26 edition of Dubai Fashion Week in February, further solidifying Dubai's position as a global fashion destination. • Tecom Group launched the third edition of The Good Store in partnership with Dubai Charity Association in March 2025, providing an innovative platform for charitable donations during Ramadan and Eid Al Fitr by uniting its community of more than 137,000 professionals across Dubai. - TradeArabia News Service
