Tag Archives: dubai-map
Tech free zones report sharp upturn in demand
Leaders of two of Dubai's leading technology business parks have confirmed the demand for tenancies in the area is spiralling upwards.Dubai Internet City (DIC) and Dubai Outsource Zone (DOZ) reported growth of 15 per cent in 2012, with 160 companies signing up for office space in one of the two clusters throughout the year.Some of the world's most recognisable technology firms increased their presence in the Middle East in the last 12 months and it is no shock to learn that DIC and DOZ chiefs are very optimistic about the future.”2012 was a particularly strong year for our cluster. Not only did we welcome some of the industry's biggest players such as Facebook, LinkedIn and Interglobe, we also saw the expansion of existing partners,” commented Malek Al Malek, managing director of both free zones.Mr Al Malek added that he was particularly keen to help small and medium-sized enterprises (SMEs) that have moved into the parks to flourish.”The support and nurturing of SMEs and entrepreneurs has also been a key area of focus for us in 2012 and will continue to be in 2013,” he continued.Dubai has quickly emerged as an important global hub when it comes to technology.A number of high-profile exhibitions and conferences held by leading organisations such as Gartner have been staged in the emirate in recent years and the Middle East is a market that technology providers can no longer afford to ignore.Last month, senior figures at the Dubai Silicon Oasis Authority revealed that the park brought in profits of AED 165.4 million last year, which was a 26 per cent improvement on 2011.Chairman of the park Shaikh Ahmad Bin Saeed Al Maktoum said there had been a “strategic effort” to attract the biggest and best multinational corporations to the Gulf.All told, 711 companies operate from the Dubai Silicon Oasis and this number is expected to rise sharply in the coming years. Continue reading
World-class gold refinery to be built in Dubai
Dubai's status as an international investment hub will be enhanced when a world-class gold refinery is built in the city in the next year.Leaders of Kaloti Group – one of the largest and most respected precious metal traders on the planet – have announced that the facility will be erected in the Jumeirah Lakes Towers Free Zone.The project is due to be finished in 2014 and it will be one of the largest refineries in the world.There is huge demand for Kaloti's products at the moment and the new refinery will enable the firm to triple its output.Munir Kaloti, chairman of Kaloti Group, confirmed that the complex will be specially built with energy efficiency and sustainability in mind and the company is committed to raising awareness of responsible mining issues.It will also be the first refinery to implement Green Building Standards, which have been brought in by the Dubai Municipality.”This represents a major investment in expanding and upgrading our refining facilities. This will be a state of the art refinery to rival the best in the world,” he remarked.”It will strengthen our ability to meet the growing international demand for our products as well as give us capacity for growth in the years ahead.”Dubai is renowned for being a playground for the rich and famous and it is home to some of the most exclusive jewellery boutiques on earth.With this in mind, it really is no surprise to see precious metal traders increasing their presence in this part of the Gulf.The emirate has also emerged as a diamond trading hotspot in the past few years, as stones worth US$39 billion (AED 143.25 billion) changed hands in the city in 2011, the National recently reported.Ahmed bin Sulayem, the executive chairman of the Dubai Multi Commodities Centre, told the news provider that the emirate has struck up partnerships with major diamond trading centres, including Antwerp, Mumbai and New York. Continue reading
Justin Bieber’s Dubai show ‘a sell-out’
Tickets for a highly anticipated Justin Bieber concert in Dubai have sold out, event organisers have confirmed.The Canadian superstar is one of the hottest properties in the global music business and he has legions of fans all over the world, including the Middle East.Bosses of Done Events announced that all 25,000 tickets have been snapped up, with “Fan Pit” access (closest to the stage) selling out in record time.The 19-year-old pop sensation will appear at The Sevens Stadium on May 4th in what is expected to be one of the gigs of the year in the UAE.Chief operating officer at Done Events Thomas Ovesen said he fully expected the tickets to sell very quickly.”The fans have spoken – this is the biggest concert yet to be staged in Dubai and one that has now completely sold out – 25,000 lucky fans holding the treasured concert tickets will get to watch the first ever regional concert with superstar Justin Bieber,” he remarked.Although there will be thousands of disappointed “Beliebers” who did not manage to get a ticket for the event, Mr Ovesen advised fans to keep an eye out for a number of competition giveaways.”We urge fans still looking for tickets for the show to stay tuned to radio and local media,” he added.Bieber first burst on to the international music scene at the tender age of 15 and he has gone on to become a megastar.He first started out by filming videos of himself putting a unique twist on songs by Usher, Stevie Wonder and Ne-Yo and then uploading them to YouTube. He managed to rack up more than ten million views just through word of mouth. It was clear then that the youngster had a special gift.The fact that one of the most sought after performers in the world is putting on a show in Dubai highlights the emirate's ability to attract the very biggest names. Continue reading
