TECOM Investments

Founded in 2003, TECOM Investments is the commercial arm of Dubai's Technology, Electronic Commerce and Media Free Zone (TECOM); the corporate umbrella of Dubai Media City and Dubai Internet City.

Following the formation of Dubai Holding, the TECOM Free Zone was divided into regulatory and commercial entities. TECOM Investments was formed to handle all the commercial activities of TECOM. The step came in line with Dubai's approach to strengthen and diversify its non-oil-based economy.

Since its inception, TECOM Investments has successfully built a well-diversified portfolio by focusing on high value sectors, such as biotechnology, media production and energy.

TECOM Investments' business model adopts a cluster approach in order to tackle each and every defined component of the knowledge-centric service offering. The clustered approach proved successful not just in the information and communication technology industry but also in media, education, and biotechnology sectors.

Building on TECOM's successful experience since year 2000 with what was the region's first commercial deployment of converged services over a single IP network, TECOM Investments developed its business model beyond telecom operator investments to reach global telecom infrastructure solution providers.

In September 2005, TECOM Investments bought a 30% stake in Interoute; Europe's largest next generation Internet backbone network. A similar investment was made in Axiom Telecom, Middle East's largest mobile distributor.

In addition, TECOM Investments has been active in country-wide initiatives such as the SmartCity@Malta initiative, a $308 million knowledge-industry business park in the city of Valetta, Malta. Similar initiatives are under discussion with other countries in Asia and Europe.

Dubai Group (DG) and Dubai Investment Group (DIG)

Dubai Group (DG) is the global investment arm of Dubai Holding and operates through a network of offices in Dubai, London, New York and Kuala Lumpur. The group has a unique investment philosophy centered on delivering superior performance through professionalism and productivity values.

DG, through its subsidiaries including Dubai Investment Group (DIG), owns and manages a highly diversified portfolio of direct and indirect investments with focus on key target sectors including financials, industrial, hospitality and telecommunications.

Dubai Group is a shareholder in EIT through its wholly owned subsidiary, Dubai Investment Group, which is responsible for managing and overseeing DG's investments outside the UAE. Leveraging its seven years of successful management of investments in diverse sectors including energy, financial services, real estate and heavy industry and infrastructure, DIG is a valuable and important shareholder in EIT.

DIG's business model is based on managing specialised independent subsidiaries that invest in specific industrial sectors and include: DIG Real Estate, Dubai Ventures and Dubai Industrial.

In order to achieve their ultimate corporate goals, these DIG subsidiaries create and extract financial value through identifying, acquiring and building successful long-term businesses. DIG and its subsidiaries strive to create a strong platform of earnings and growth through acquiring profitable operating companies.

Dubai Ventures operates across a wide geography that includes the Indian subcontinent, South East Asia and North Asian while targeting investments with the potential to deliver exceptional and sustainable long-term returns. Its current portfolio includes private equity investments in Sing Holdings, Sun Hung Kai Financial, Bolton, Bharat Hotels, Time Broadband services and Vista Land.

Dubai Industrial targets emerging opportunities in industry sectors including telecommunications, basic industries, alternative energy and infrastructure. Focusing on building a profitable portfolio of industrial companies, Dubai Industrial's current investments include joint ventures with Orascom, TECOM Investments, Tunisia Telecom, GO (formerly Maltacom), and Emirates Cement. Dubai Industrial's investments in Tunisia Telecom and Go are held and managed by EIT.

DIG Real Estate manages a portfolio valued in excess of $7 billion and has been mandated with the asset management of Jumeirah Group properties. Focusing on asset management and global real estate investment, DIG Real Estate's latest acquisitions include: Essex House in New York, Braintree Property, Hanse Center and the Markisches Zentrum shopping center in Berlin, Germany.

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