Tecom Group Acquires a Comprehensive Campus in Dubai International Academic City
In a move that reflects its commitment to enhancing the growth of the higher education sector, Tecom Group has announced the acquisition of a comprehensive campus in Dubai International Academic City, spanning over 300,000 square feet. This acquisition is part of a broader initiative aimed at achieving national strategic objectives and is designed to meet the increasing demand for high-quality educational assets. Tecom Group’s acquisition of the campus underscores its dedication to elevating education and innovation in the UAE, reinforcing its position as a leading destination for knowledge and learning.
Details of the Acquisition
Tecom Group, listed on the Dubai Financial Market under the ticker “TECOM,” has invested 125 million AED in the campus acquisition. The campus includes multiple buildings, student housing, and sports facilities, aimed at meeting the growing demand from internationally renowned universities. This acquisition aligns with the group’s strategy for sustainable expansion and investment, enhancing its overall portfolio of commercial and industrial assets to over 5.5 billion AED since its listing on the financial market in July 2022.
Contributing to the Future of Higher Education
Through this acquisition, Tecom Group aims to enhance the competitiveness of higher education institutions in Dubai. Abdullah Belhoul, the group’s CEO, stated that this acquisition reflects the group’s commitment to supporting the educational sector and emphasizes the importance of education in driving sustainable development in the country. He remarked, “Dubai International Academic City possesses the necessary capabilities and resources to meet the increasing demand for education from academics and global talents.”
Future Development Strategies
Tecom Group intends to carry out comprehensive development operations for the acquired campus facilities, ensuring the highest standards of quality. This additional commitment reflects the group’s desire to strengthen its leading position in the higher education sector. By continuing to improve the quality of education and student experience, Tecom Group aims to attract elite academics and students from around the world, further enhancing Dubai International Academic City as a distinguished destination for academic excellence.
The acquisition of a comprehensive campus by Tecom Group is not just a step in the investment path, but a strategic response to the increasing needs of the educational sector, heralding a bright future for education in Dubai.
Dubai International Academic City, home to a range of global universities, serves as an ideal platform for this investment. Prestigious academies such as Amity University and others enhance the reputation of Tecom Group’s educational sector as a leading destination. With the group’s investment in the development of these educational assets, its long-term commitment to making Dubai one of the foremost global destinations for education is evident.