Innovation Hub Expansion in Dubai Internet City

Tecom Group has launched Phase 4 of its Innovation Hub in Dubai Internet City, a Dh615 million project adding 263,000 square feet of Grade-A office space. This expansion, bringing the total investment to Dh2 billion, aims to meet the growing demand from global tech companies and solidifies the district's position as a leading technology cluster in the Middle East. The hub is already home to major firms like Google and Gartner.

Phases 2 and 3 of the hub have been fully leased ahead of their 2027 completion, with Phase 1 already established. Phase 4 is slated for completion in 2028, aligning with the UAE Digital Economy Strategy and Dubai's D33 agenda, which focuses on attracting innovators. Tecom Group's CEO, Abdulla Belhoul, emphasized the company's commitment to supporting future-focused economic activity in the UAE and Dubai, highlighting the region's pro-business environment and strategic initiatives.

The project is being financed from existing resources, and it comes as Tecom Group reports strong financial performance, including a 20% revenue growth to over Dh2.1 billion and an 18% net profit increase to Dh1.1 billion in the first nine months of 2025. Dubai Internet City, established in 1999, is a key driver of the emirate's tech GDP, contributing 65% through premium offices, research and development centers, and a comprehensive ecosystem for both multinational corporations and startups.