The Board of Administrators of TECOM Group PJSC (DFM: TECOM), (the “Firm” or the “Group”), the creator of specialized enterprise districts and vibrant communities, has authorized an AED 1.6 billion funding to accumulate 138 land plots spanning 33 million sq.ft, supporting strong and rising buyer demand within the industrial sector.
The acquisition of the land plots from Dubai Holding Asset Administration will bolster the Group’s Land portfolio to exceed 209 million sq.ft., strengthening Dubai Industrial Metropolis’s enchantment to manufacturing and logistics corporations and enhancing its potential to fulfill the rising wants of its present and new clients. Dubai Industrial Metropolis is presently working at an occupancy degree of 99% – together with land plots acquired final 12 months – amid accelerated progress within the UAE’s and Dubai’s manufacturing sector, pushed by Operation 300bn, Make it within the Emirates, and Dubai Financial Agenda ‘D33’.
“This strategic acquisition demonstrates TECOM Group’s function as a significant contributor within the industrial sector in each the UAE and Dubai,” mentioned Abdulla Belhoul, Chief Government Officer of TECOM Group PJSC. “Led by strong macroeconomic fundamentals and long-term methods such because the Complete Financial Partnership Settlement (CEPA) framework, our nation is cementing its function as a worldwide hub for international direct funding. This strategic acquisition reaffirms Dubai Industrial Metropolis’s vital function in advancing the nation’s manufacturing sector and serving rising demand from present and new clients.”
He added: “With a future-focused technique underpinned by our wholesome liquidity, we’re leveraging beneficial market dynamics and actively investing in the direction of rising our world-class portfolio of business property with the purpose of unlocking larger long-term worth for our shareholders.”
The newly introduced AED 1.6 billion acquisition builds on TECOM Group’s strategic progress plan, because it raises the Group’s whole investments throughout its Industrial and Industrial portfolio to AED 4.3 billion since 2024.
This strategic growth, executed by the Group’s subsidiary, Dubai Industrial Metropolis LLC, displays rising demand for industrial property. It follows TECOM Group’s acquisition of 13.9 million sq.ft. of land in Dubai Industrial Metropolis final 12 months, which has been totally leased out to main clients throughout six very important sectors served by the district, akin to meals and beverage (F&B), base metals, and transport.
TECOM Group will finance the brand new acquisition by means of its present sources based mostly on a versatile reimbursement schedule and begin to recognise income from the extra land financial institution inside the subsequent 12-24 months. Following the completion of the brand new acquisition, the Group will proceed to keep up a wholesome leverage and liquidity place.
The Group has adhered to all related regulatory and governance necessities associated to the acquisition, together with following finest practices and worldwide requirements of value determinations by conducting the valuation by means of credible and unbiased events accredited by the regulatory authorities.
This acquisition follows TECOM Group’s sturdy H1 2025 monetary efficiency, together with 22% year-on-year (YoY) progress in web revenue to AED 737 million and a 21% enhance in income YoY to AED 1.4 billion. With continued progress in rental charges and powerful occupancy ranges, TECOM Group is reaffirming its potential to draw worldwide clients by means of its vibrant enterprise districts.
Established in 2004, Dubai Industrial Metropolis a part of TECOM Group, is the area’s main manufacturing and logistics hub for homegrown, regional, and international clients in addition to 350+ operational factories based mostly on the district. Its intelligently designed masterplan – comprising industrial land, storage, and logistics areas – and proximity to Jebel Ali Port, Al Maktoum Worldwide Airport, and an Etihad Rail freight terminal have cemented its place because the vacation spot of alternative within the international provide chain.
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