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Tecom Group, the creator of specialised business districts and vibrant communities, has seen its first quarter (Q1) net profit jump 34% to AED255 million ($69 million) boosted by a growth in occupancy rates at its properties.
The TECOM group's Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates
Revenues total Dh514m as Dubai's cluster operator picks up momentum
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Emirates Development Bank will allocate $272m as financial support for new industrial companies in DIC
Dubai Industrial City (DIC), a member of Tecom Group