Within the plans to develop the financial markets and stock exchanges in Dubai

Maktoum bin Mohammed announces the listing of "TECOM" on the Dubai Financial Market

  • The business parks of the TECOM Group are the cornerstone of the diversification of the economy.

    archival

picture

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the inclusion of TECOM Group on the Dubai Financial Market, as part of the plans of the Higher Committee for the Development of Capital Markets and Exchanges in Dubai, and in its efforts to double the value of the markets The financial markets in the emirate will reach three trillion dirhams, during the next stage, in implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at developing the financial markets and stock exchanges in the emirate.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed that "Tecom's portfolio is diversified, and represents a successful model at the global level for business parks," noting that "the group is achieving strong results, which means that its inclusion will add great diversity to the Dubai Financial Market."

Over the past decades, TECOM has played a pivotal role in various vital fields and sectors, and has become a key partner in Dubai's economic diversification process. The group's huge portfolio enjoys unlimited growth opportunities, due to its diversified investments in multiple sectors, as well as its adoption of advanced business models at both the strategic and operational levels. The inclusion of this type of company supports the financial markets in Dubai, as it provides added value and promising opportunities for investors.

The Tecom Group, a member of Dubai Holding, is an active contributor to the comprehensive renaissance that Dubai is witnessing, especially in the economic sectors. Through its tireless work, the group contributes to the development of 10 specialized business parks, including: Dubai Internet, Dubai Outsource City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Science Park, Dubai Design District, and Dubai Industrial City.

The group also hosts the regional headquarters of a large number of companies, numbering more than 6,500 companies, including global names such as: “Google”, “CNN” and “Unilever”, in addition to thousands of emerging and medium companies. It is managed by a group of creative cadres and entrepreneurs, whose number exceeds 95,000.

The group's business parks constitute the cornerstone in the process of diversifying the economy and consolidating the emirate's position as a regional destination for business and innovation, as it is active in vital and promising sectors, including information technology, media, science, education, design and industry.

It is noteworthy that the Dubai Financial Market witnessed during the last period a great momentum after the announcement of a number of strong listings, in addition to the adoption of the Supreme Committee for the Development of Capital Markets and Exchanges in Dubai, a wide range of initiatives aimed at supporting the trading movement in the stock market, where it was announced that 10 Companies from leading governmental and semi-governmental institutions, and the launch of a Market Maker Fund to enhance trading in the stock market.

The strategy of the Supreme Committee for the next phase included the formation of a committee to supervise the market, and specialized courts for capital markets in Dubai, which enhances the position of the emirate, which is considered one of the most prestigious commercial centers regionally and globally, especially in light of its important elements of distinction at the level of infrastructure and legislation, which made it It has been a pivotal center for business and finance for decades.

Maktoum bin Mohammed:

• «TECOM portfolio is diversified, and represents a successful model at the global level for business parks».

• "The group is achieving strong results, and its inclusion will add great diversity to the Dubai Financial Market."

■ (Communities) include: Dubai Internet City, Dubai Outsourcing, Dubai Media, Dubai Studios, Dubai Production, Dubai Knowledge, Dubai Academy, and Dubai Science Dubai Design, and Dubai Industrial City.

■ The group is active in the sectors of information technology, media, science, education, design and industry.

10 major business parks included in the "TECOM" group.

6,500 companies are headquartered in TECOM, employing 95,000 creative cadres and entrepreneurs.

Follow our latest local and sports news and the latest political and economic developments via Google news

Keywords: