Media Industry in Dubai

Total Page:16

File Type:pdf, Size:1020Kb

Media Industry in Dubai An Agency of the Department of Economic Development – Government of Dubai A SMALL AND MEDIUM ENTERPRISES DEVELOPMENT PERSPECTIVE OF THE MEDIA INDUSTRY IN DUBAI The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be violation of applicable law. Dubai SME encourages the dissemination of its work and will grant permission to reproduce portions of the work promptly. All queries should be addressed to Dubai SME at [email protected] (P.O. Box 66166, Tel:+971 4361 3000, www.sme.ae ) DUBAI SME © 2010 CONTENTS 1. EXECUTIVE SUMMARY..................................................................................................................................... 3 2. INTRODUCTION TO THE REPORT ................................................................................................................. 8 INDUSTRY DESCRIPTION .................................................................................................................................................. 8 INDUSTRY STRUCTURE (KEY STAKEHOLDERS) .................................................................................................................... 10 KEY INDUSTRY DRIVERS ................................................................................................................................................ 12 3. MEDIA INDUSTRY IN DUBAI – AN OVERVIEW......................................................................................... 13 (A) GOVERNEMENT PLAN ....................................................................................................................................... 14 1. Infrastructure Developments ..................................................................................................................... 15 2. Regulatory Structure ................................................................................................................................. 18 3. Media Skills Development ......................................................................................................................... 22 4. Government Initiatives / Programs ........................................................................................................... 25 (B)CURRENT SITUATION ANALYSIS ......................................................................................................................... 26 Development of Media segments in Dubai ........................................................................................................ 27 Media Value Chain Activities ............................................................................................................................ 31 SME Orientation of the Media Industry ............................................................................................................ 34 (C) OPPORTUNITY ASSESSMENT ............................................................................................................................. 38 4.GLOBAL AND REGIONAL INFLUENCES ON MEDIA DEVELOPMENTS IN DUBAI .......................... 39 MEDIA TRENDS - WORLDWIDE ...................................................................................................................................... 40 MEDIA TRENDS – REGIONAL (GCC AND ARAB) ................................................................................................................. 42 MEDIA TRENDS - DUBAI ............................................................................................................................................... 46 5. OPPORTUNITY ASSESSMENT – BY MEDIA SEGMENT ........................................................................... 52 MOTION PICTURE/ FILM INDUSTRY ........................................................................................................................ 52 TV INDUSTRY .......................................................................................................................................................... 70 ANIMATION AND GAMING ..................................................................................................................................... 88 WEB CONTENT DEVELOPMENT .............................................................................................................................. 99 MOBILE CONTENT DEVELOPMENT ....................................................................................................................... 109 ADVERTISING ........................................................................................................................................................ 121 6. WAY FORWARD FOR MEDIA INDUSTRY IN DUBAI .............................................................................. 126 ADDRESS CHALLENGES ............................................................................................................................................... 128 PROMOTE OPPORTUNITIES ......................................................................................................................................... 132 7. BENCHMARKING EXAMPLES ..................................................................................................................... 134 8. POSSIBLE SOLUTIONS TO ADDRESS CHALLENGES AND OPPORTUNITIES ................................ 141 POSSIBLE SOLUTIONS AND ITS HIGH-LEVEL ASSESSMENT: INDUSTRY-WIDE ISSUES .................................................................. 143 POSSIBLE SOLUTIONS AND ITS HIGH-LEVEL ASSESSMENT: SEGMENT-WISE OPPORTUNITIES AND CHALLENGES .............................. 148 9. CONCLUSION ................................................................................................................................................... 155 INDUSTRY-WIDE OBJECTIVES AND POSSIBLE SOLUTIONS - “MOST APPROPRIATE SOLUTIONS” .................................................. 156 SEGMENT-WISE POSSIBLE SOLUTIONS – “MOST APPROPRIATE SOLUTIONS” ......................................................................... 156 ANNEXURE I – ISIC CLASSIFICATION .......................................................................................................... 157 ANNEXURE II – LICENSING OF MEDIA SEGMENTS IN DUBAI .............................................................. 160 ANNEXURE III – DMC AND OTHER ARAB MEDIA CITIES ...................................................................... 161 DUBAI SME – Media Page 2 of 163 1. Executive Summary “Media Transformation”---the report highlights the potential TRANSFORMATIONAL opportunities for Dubai’s Small and Medium Enterprises (SMEs) from the traditional distribution, broadcasting and exhibition format to a more evolved economy capitalizing on various Intellectual Property Rights in different Media segments. IPRs which are capable of ‘ creating’, ‘enabling’, ‘storing’ and ‘distributing’ CONTENT that can serve the Arab region in particular and the world in general. An integrated evaluation of global trends, local capabilities, and domestic economic landscape reveals the ability of the Media industry to transform and deliver value added creative products and services to the economy and the entire Arab region. The report assesses the opportunities for the development of Media industry in the region. The potential opportunities position the Emirate as the best place among the Arab countries to build and develop its strengths on enabling CONTENT, for the region in particular and the world at large. Further, Media presents opportunities for the development of valuable IPR assets that can be traded in return of potential foreign exchange. An IPR driven economy, drives the creative, culture and knowledge base of a country to compete globally against developed peers. Additionally, it also provides ample opportunities for SMEs to thrive and enable value-adding businesses. Hence, the role for Dubai is that of creating an enabling environment to assess the Media IPRs, protect them and enforce them when required. Enabling Media/Creative Environment Improvements in ICT infrastructure and Usage Inflow of Creative and Technical Skills Media Literacy Creative Products and Services are Ecosystem of SMEs valuable IPR assets that can be traded and commercialized CREATE Addition to the Economy: Creative, Culture and Knowledge IPR DISTRIBUTE STORE Distribution and trade allows Digital technologies allow storage of large data easily commercialization of valuable IPRs across and its transmission /distribution (for trade) across different mediums, platforms and geographies multiple-platforms with ease and at real-time. DUBAI SME – Media Page 3 of 163 The enabling environment as illustrated above highlights the emergence and participation of high value- added (creative skills) employees, improvements in overall ICT infrastructure and thereby contribution of SMEs to the overall IPR environment. The report is a detailed assessment of opportunities (with a focus on SMEs) in the Media industry of Dubai. It helps identify activities within each media segment suitable for SMEs and ability of Dubai to cater to the opportunity. As such, it reflects the ability of the Media industry to revitalize the economy through valuable IPR generation. The technological readiness of the Emirate is a key determinant of potential to cater to Content Production and Dissemination activities in the MENA region. Unlike in developed economies like US and Singapore where Creative/Media industries contribute more than 11% and 6% respectively
Recommended publications
  • Land Plots for Sale
    Land plots for sale Dubai Holding Creating impact for generations to come Dubai Holding is a global conglomerate that plays a pivotal role in developing Dubai’s fast-paced and increasingly diversified economy. Managing a USD 22 billion portfolio of assets with operations in 12 countries and employing over 20,000 people, the company continues to shape a progressive future for Dubai by growing $22 Billion 12 121 the city’s business, tourism, hospitality, real estate, media, ICT, Worth of assets Industry sectors Nationalities education, design, trade and retail. With businesses that span key sectors of the economy, Dubai Holding’s prestigious portfolio of companies includes TECOM Group, Jumeirah Group, Dubai Properties, Dubai Asset Management, Dubai Retail and Arab Media Group. 12 20,000 $4.6 Billion For the Good of Tomorrow Countries Employees Total revenue 1 Dubai Industrial Park 13 The Villa Imagining the city of tomorrow 2 Jumeirah Beach Residences(JBR) 14 Liwan 1 3 Dubai Production City 15 Liwan 2 4 Dubai Studio City 16 Dubailand Residences Complex Dubai Holding is responsible for some of Dubai’s most iconic 5 Arjan 17 Dubai Design District (d3) destinations, districts and master developments that attract a network 6 Dubai Science Park 18 Emirates Towers District of global and local investors alike. With our extensive land bank we 7 Jumeirah Central 19 Jaddaf Waterfront have created an ambitious portfolio of property and investment 8 Madinat Jumeirah 20 Dubai Creek Harbour opportunities spanning the emirate across diverse sectors. 9 Marsa Al Arab 21 Dubai International Academic City 10 Majan 22 Sufouh Gardens 11 Business Bay 23 Barsha Heights 12 Dubailand Oasis 9 2 8 22 7 18 23 11 17 19 3 5 6 20 4 1 10 14 1 Dubai Industrial Park 15 13 16 12 21 Dubailand Oasis This beautifully planned mixed-use master community is located in the heart of Dubailand, with easy access to main highways of Freehold 1M SQM Emirates Road, Al Ain Road (E66) and Mohammed bin Zayed Road.
    [Show full text]
  • Urban Megaprojects-Based Approach in Urban Planning: from Isolated Objects to Shaping the City the Case of Dubai
    Université de Liège Faculty of Applied Sciences Urban Megaprojects-based Approach in Urban Planning: From Isolated Objects to Shaping the City The Case of Dubai PHD Thesis Dissertation Presented by Oula AOUN Submission Date: March 2016 Thesis Director: Jacques TELLER, Professor, Université de Liège Jury: Mario COOLS, Professor, Université de Liège Bernard DECLEVE, Professor, Université Catholique de Louvain Robert SALIBA, Professor, American University of Beirut Eric VERDEIL, Researcher, Université Paris-Est CNRS Kevin WARD, Professor, University of Manchester ii To Henry iii iv ACKNOWLEDGMENTS My acknowledgments go first to Professor Jacques Teller, for his support and guidance. I was very lucky during these years to have you as a thesis director. Your assistance was very enlightening and is greatly appreciated. Thank you for your daily comments and help, and most of all thank you for your friendship, and your support to my little family. I would like also to thank the members of my thesis committee, Dr Eric Verdeil and Professor Bernard Declève, for guiding me during these last four years. Thank you for taking so much interest in my research work, for your encouragement and valuable comments, and thank you as well for all the travel you undertook for those committee meetings. This research owes a lot to Université de Liège, and the Non-Fria grant that I was very lucky to have. Without this funding, this research work, and my trips to UAE, would not have been possible. My acknowledgments go also to Université de Liège for funding several travels giving me the chance to participate in many international seminars and conferences.
    [Show full text]
  • Navigating the US and Dubai Health Care Complex in A
    Navigating the U.S. and Dubai Health Care Complex in a Post-COVID World The Dubai Advantage—Dubai Delegation Goes Virtual: Navigating the U.S.-Dubai Network in Health Care and Logistics July 14, 2020 Seyfarth Shaw LLP “Seyfarth” refers to Seyfarth Shaw LLP (an Illinois limited liability partnership). Welcome Remarks Sai Pidatala Senior Counsel Seyfarth Shaw LLP 2 Presenting Organizations 3 Agenda 1. Welcome Remarks – Sai Pidatala, Senior Counsel, Seyfarth Shaw LLP 2. Seyfarth Shaw LLP – Health Care, Life Sciences & Pharmaceuticals Industry Group – Jesse Coleman, Partner 3. U.S.-U.A.E. Business Council – Danny Sebright, President 4. Remarks by H.E. Eng. Saeed Almheiri, Consul General of the UAE in Houston 5. U.S. Commercial Service – Vandana Nair, Commercial Specialist, Dubai 6. Dubai FDI – H.E. Fahad Al Gergawi, CEO 7. Dubai Exports – H.E. Eng. Saed Al Awadi, CEO 8. Dubai Health Authority – Dr. Mohammad Al Redha, Director, Project Management Office & Health Informatics and Smart Health Department 9. Dubai Science Park – H.E. Marwan Abdulaziz Janahi, Managing Director 10. Dubai Healthcare City – Farhad Seddiq, Director, Marketing & Communications 11. The Dubai Advantage – Walid Marhoon, Senior Manager, Investment Promotion Division, Dubai FDI 12. Q&A 13. Closing Remarks 4 Seyfarth Shaw LLP Health Care, Life Sciences & Pharmaceuticals Industry Group Jesse Coleman Partner and Co-Chair of the Health Care, Life Sciences & Pharmaceuticals industry group Seyfarth Shaw LLP 5 U.S.-U.A.E. Business Council Danny Sebright President U.S.-U.A.E. Business Council 6 Remarks His Excellency Eng. Saeed Almheiri Jamal Dubai Healthcare City Authority Consul General of the UAE in Houston 7 U.S.
    [Show full text]
  • DUBAI: the 8Th WONDER
    EMP W E A L T H T H R O U G H K N O W L E D G E A D V I S E R S • C o u n t r y f a c t s • T o u r i s m • R e a l e s t a t e m a r k e t • H i s t o r y a n d c u l t u r e • L e g a l a d v i c e • S t r e n g t h s • E c o n o m y • W e a k n e s s e s • P o l i t i c s DUBAI: THE 8th WONDER OF THE WORLD w w w . e m p a d v i s e r s . c o m report on DUBAI w w w . e m p a d v i s e r s . c o m EMP w e a l t h t h r o u g h k n o w l e d g e A D V I S E R S Country facts Location: Middle East, bordering the Gulf of Oman and the Persian Gulf between Oman and Saudi Arabia Population: 2,921,376 (2021) GDP: $401.51 billion USD 2021; per capita $31,982.23 USD(2020) Area: 32,000 sq mi (82,880 sq km) Climate: The UAE was the first country in the Middle East to introduce the Satellite Delivered Information System technology (SADIS), a weather forecasting technology that covers the globe, with the exception of Polar Zones.
    [Show full text]
  • Architecture and Urbanism in the Middle East
    Viewpoints Special Edition Architecture and Urbanism in the Middle East The Middle East Institute Middle East Institute The mission of the Middle East Institute is to promote knowledge of the Middle East in Amer- ica and strengthen understanding of the United States by the people and governments of the region. For more than 60 years, MEI has dealt with the momentous events in the Middle East — from the birth of the state of Israel to the invasion of Iraq. Today, MEI is a foremost authority on contemporary Middle East issues. It pro- vides a vital forum for honest and open debate that attracts politicians, scholars, government officials, and policy experts from the US, Asia, Europe, and the Middle East. MEI enjoys wide access to political and business leaders in countries throughout the region. Along with information exchanges, facilities for research, objective analysis, and thoughtful commentary, MEI’s programs and publications help counter simplistic notions about the Middle East and America. We are at the forefront of private sector public diplomacy. Viewpoints is another MEI service to audiences interested in learning more about the complexities of issues affecting the Middle East and US relations with the region. To learn more about the Middle East Institute, visit our website at http://www.mideasti.org Cover photos, clockwise from the top left hand corner: Abu Dhabi, United Arab Emirates (Imre Solt; © GFDL); Tripoli, Libya (Patrick André Perron © GFDL); Burj al Arab Hotel in Dubai, United Arab Emirates; Al Faisaliyah Tower in Riyadh, Saudi Arabia; Doha, Qatar skyline (Abdulrahman photo); Selimiye Mosque, Edirne, Turkey (Murdjo photo); Registan, Samarkand, Uzbekistan (Steve Evans photo).
    [Show full text]
  • PRESS RELEASE for IMMEDIATE RELEASE JUNE 6, 2016 Contact: Shafer Busch, America Abroad Media [email protected] 202-2
    View this email in your browser PRESS RELEASE FOR IMMEDIATE RELEASE JUNE 6, 2016 Contact: Shafer Busch, America Abroad Media [email protected] 202-249-7380 From Left: Paul Baker, Maryam Almheiri, Aaron Lobel, H.E. Noura Al Kaabi, Ben Silverman, Greg Daniels, and Howard Owens. America Abroad Media Brings Top Hollywood Writer and Producers to Abu Dhabi Last week America Abroad Media (AAM) helped organize a delegation of leading Hollywood producers and writers who traveled to Abu Dhabi for a groundbreaking series of workshops and events aimed at supporting young creative talent in the UAE and the broader Arab World. The delegation included AAM Founder and President Aaron Lobel; Ben Silverman, the Emmy, Golden Globe, and Peabody Award-winning executive producer of The Office, Ugly Betty, The Tudors, Jane the Virgin, and Marco Polo; Greg Daniels, a leading comedy writer, producer, and director on shows such as Saturday Night Live and The Simpsons and co-creator of The Office, King of the Hill, and Parks and Recreation; and Howard Owens, Founder and co-CEO of Propagate Content and former CEO of National Geographic Channels. “Our partners in the Middle East have the ambition and the talent to bring about a new golden age in Arab drama and entertainment," said Lobel, "and they feel that the experience of Hollywood professionals can benefit their efforts. We look forward to forging long term partnerships for Arabic drama and entertainment programming that will reach audiences across the Middle East and far beyond." During their visit, Ben Silverman and Howard Owens shared their experiences in Hollywood with over 100 Arab counterparts and explored how the UAE can become a regional and global center for storytelling, while Greg Daniels hosted two invitation- only screenwriting workshops with writers from around the region.
    [Show full text]
  • Kasia Kieli President and Managing Director Discovery Networks Central & Eastern Europe, Middle East and Africa
    Kasia Kieli President and Managing Director Discovery Networks Central & Eastern Europe, Middle East and Africa Kasia Kieli is President and Managing Director for Discovery Networks Central & Eastern Europe, Middle East & Africa (CEEMEA), a division of Discovery Communications, the leader in global entertainment. Based in Discovery Networks CEEMA’s headquarters in Warsaw, Kasia Kieli has strategic management responsibility for Discovery's operations in the region, which today encompasses 112 countries and territories across three continents, with 12 offices, including: Munich, Dubai, London, Amsterdam, Sofia, Budapest, Prague, Istanbul, Moscow and Bucharest. In each of these markets, Discovery broadcasts up to 21 channels, reaching 590 million viewers. Kieli joined Discovery and founded the Polish office in 2000. During her 16 years at Discovery, she has launched more than 14 channel brands across 100+ markets and has transformed Discovery CEEMEA from being a predominantly pay-TV business, to a more complex organization that includes a growing portfolio of free-to-air channels, such as Dmax in Germany, Fatafeat and Quest Arabiya in the Middle East and TLC in Turkey. Under her leadership, the company has also entered into strategic partnerships that have expanded the business and increased Discovery’s presence in key markets such as Russia, Poland, Turkey and the Middle East. Kieli also successfully led a number of mergers and acquisitions in the region, including the acquisition of Dubai-based media company Takhayal Entertainment. She also successfully oversaw the Discovery-Eurosport integration process across the region, after Discovery Communications’ acquisition of Eurosport in 2015. Kieli is considered one of the most renowned media experts in the region.
    [Show full text]
  • Dubai Real Estate Sector
    Sector Monitor Series Dubai Real Estate Sector Dr. Eisa Abdelgalil Bader Aldeen Bakheet Data Management and Business Research Department 2007 Published by: DCCI – Data Management & Business Research Department P.O. Box 1457 Tel: + 971 4 2028410 Fax: + 971 4 2028478 Email: dm&[email protected] Website: www.dcci.ae Dubai, United Arab Emirates All rights are reserved. No part of this publication may be reproduced, stored in any retrieval or computer system, or transmitted in any form or by any means electronic, mechanical, photocopying, taping or otherwise, without the prior written permission of the publisher. ISBN ………………………… i Table of Contents Table of Contents...........................................................................................................ii iii ....................................................................................................................ﻣﻠﺨﺺ ﺗﻨﻔﻴﺬي Executive Summary......................................................................................................vi 1. Introduction................................................................................................................1 1.1 Background..........................................................................................................1 1.2 Objective..............................................................................................................1 1.3 Research questions...............................................................................................1 1.4 Methodology and data..........................................................................................2
    [Show full text]
  • Stream Name Category Name Coronavirus (COVID-19) |EU| FRANCE TNTSAT ---TNT-SAT ---|EU| FRANCE TNTSAT TF1 SD |EU|
    stream_name category_name Coronavirus (COVID-19) |EU| FRANCE TNTSAT ---------- TNT-SAT ---------- |EU| FRANCE TNTSAT TF1 SD |EU| FRANCE TNTSAT TF1 HD |EU| FRANCE TNTSAT TF1 FULL HD |EU| FRANCE TNTSAT TF1 FULL HD 1 |EU| FRANCE TNTSAT FRANCE 2 SD |EU| FRANCE TNTSAT FRANCE 2 HD |EU| FRANCE TNTSAT FRANCE 2 FULL HD |EU| FRANCE TNTSAT FRANCE 3 SD |EU| FRANCE TNTSAT FRANCE 3 HD |EU| FRANCE TNTSAT FRANCE 3 FULL HD |EU| FRANCE TNTSAT FRANCE 4 SD |EU| FRANCE TNTSAT FRANCE 4 HD |EU| FRANCE TNTSAT FRANCE 4 FULL HD |EU| FRANCE TNTSAT FRANCE 5 SD |EU| FRANCE TNTSAT FRANCE 5 HD |EU| FRANCE TNTSAT FRANCE 5 FULL HD |EU| FRANCE TNTSAT FRANCE O SD |EU| FRANCE TNTSAT FRANCE O HD |EU| FRANCE TNTSAT FRANCE O FULL HD |EU| FRANCE TNTSAT M6 SD |EU| FRANCE TNTSAT M6 HD |EU| FRANCE TNTSAT M6 FHD |EU| FRANCE TNTSAT PARIS PREMIERE |EU| FRANCE TNTSAT PARIS PREMIERE FULL HD |EU| FRANCE TNTSAT TMC SD |EU| FRANCE TNTSAT TMC HD |EU| FRANCE TNTSAT TMC FULL HD |EU| FRANCE TNTSAT TMC 1 FULL HD |EU| FRANCE TNTSAT 6TER SD |EU| FRANCE TNTSAT 6TER HD |EU| FRANCE TNTSAT 6TER FULL HD |EU| FRANCE TNTSAT CHERIE 25 SD |EU| FRANCE TNTSAT CHERIE 25 |EU| FRANCE TNTSAT CHERIE 25 FULL HD |EU| FRANCE TNTSAT ARTE SD |EU| FRANCE TNTSAT ARTE FR |EU| FRANCE TNTSAT RMC STORY |EU| FRANCE TNTSAT RMC STORY SD |EU| FRANCE TNTSAT ---------- Information ---------- |EU| FRANCE TNTSAT TV5 |EU| FRANCE TNTSAT TV5 MONDE FBS HD |EU| FRANCE TNTSAT CNEWS SD |EU| FRANCE TNTSAT CNEWS |EU| FRANCE TNTSAT CNEWS HD |EU| FRANCE TNTSAT France 24 |EU| FRANCE TNTSAT FRANCE INFO SD |EU| FRANCE TNTSAT FRANCE INFO HD
    [Show full text]
  • Higher Education in Dubai
    Higher Education in Dubai Coming of Age! Q2, 2018 Colliers International Education Advisory & Valuation Services team is solely focused on education related business (OpCo) and real estate (PropCo), from complex business related operational advisory to real estate related advisory. Our group has the expertise and knowledge essential to providing forward thinking solutions to any challenging education related decisions where success is measured in high quality care delivered in a cost eective way. Nurseries | Kindergartens K-12 Day & Boarding Schools Special Needs Schools Medical | Nursing | Pharma Colleges Science | Arts | Business | Colleges & Universities Vocational Training Institutes COMMITMENT PASSION EXPERIENCE KNOWLEDGE INTELLIGENCE USP Market Research | Market Entry & Expansion | Equity & Debt Fund Raising Highest & Best Use Study | Market & Financial Feasibility Study Operator Search and Selection | Land, Property & Business Valuations 2 Higher Education in Dubai; Coming of Age | Q2 2018 | United Arab Emirates Introduction With AED 6.8 billion of tuition revenues (academic year 2016/17) Dubai’s private K12 education market remains one of the most attractive and fastest growing markets in the world. During the same academic year Dubai hosted a total of 260 schools providing John D. Davis education to over 300,000 students of which 90% are in private Chief Executive Officer schools. Middle East & North Africa [email protected] However, compared to K12 market the higher education market in Dubai is still in infancy with only approximately 60,000 students in higher education institutions out of which 46,000 students are in private higher education institutions (2015/16 latest available) translating to only 20% and 15% of total K-12 private student population, offering just 13 majors.
    [Show full text]
  • TECOM Group and Jcdecaux to Develop a Global Benchmark for Smart Communities Through Digital Advertising Solutions
    TECOM Group and JCDecaux to develop a global benchmark for smart communities through digital advertising solutions The futuristic project will see sustainable creative installations integrated within Dubai Media City, Dubai Internet City and Dubai Knowledge Park Paris, 16 November 2016 – In line with its commitment to creating smart, vibrant and sustainable business communities, TECOM Group, a member of Dubai Holding, has partnered with JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, to pioneer state-of-the-art digital advertising solutions, at Dubai Media City, Dubai Internet City and Dubai Knowledge Park. This community transformation project will include the installation of smart digital outdoor solutions as part of a wider initiative across TECOM Business Parks. At a signing ceremony in Dubai attended by Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux and Malek Al Malek CEO of TECOM Business Parks, TECOM Group said that it intends to reimagine its business communities, while spurring creativity through the installation of smart infrastructure which will enhance those innovative ecosystems. Malek Sultan Al Malek, Chief Executive Officer at TECOM Business Parks, said: “Our new partnership with JCDecaux enables us to combine the strengths of the world’s leading outdoor advertising company with our own experience in building innovative business communities over the last decade. Together we will reimagine the future of three business parks that are recognised across the region as being leaders in innovation and creativity, as we work towards common goals and write a new chapter in Dubai’s development.” The timing of the new partnership comes as TECOM Group steps up its efforts to support Dubai’s vision of transforming into one of the smartest cities in the world.
    [Show full text]
  • Decision No (1) of 2021 Concerning Licence Categories
    DECISION NO (1) OF 2021 CONCERNING LICENCE CATEGORIES - 1 - DECISION NO. 1 OF 2021 Concerning Licence Categories for Dubai Internet City, Dubai Media City, Dubai Knowledge Park, Dubai International Academic City, Dubai Outsource City, Dubai Production City, Dubai Studio City, Dubai Science Park, Dubai Design District and Emirates Towers I, Malek Sultan Al Malek, Director General of the Dubai Development Authority After perusal of the Dubai Technology and Media Free Zone Licensing Regulations 2003 and Regulation 3.2 thereunder do hereby amend certain sections or provisions of Decision No. 1 of 2018 regarding the categories of business for which a licence may be issued in the Zone. This Decision replaces Decision No. 1 of 2018 concerning licence categories as amended. - 2 - ARTICLE (1) DEFINITIONS AND INTERPRETATIONS 1.1 Capitalized and abbreviated words in this Decision shall have the meaning indicated below: “AED” means United Arab Emirates Dirhams. “Audited means financial statements conforming to IFRS, GAAP or similar Accounts” internationally recognised standards that are prepared by auditors or accountants qualified in the jurisdiction of issue of the Audited Accounts. Financial statements prepared by a company under Regulations 63 and 64 of the PCR and financial records maintained by a branch office under Regulation 95 of the PCR, to the extent such financial records are prepared or approved by independent auditors or accountants, are equivalent to and will count as Audited Accounts. “Authority” means the Dubai Creative Clusters Authority. “BU” means the business parks located within the Zone which includes DMC, DIC, DKP, DOC, DSC, DSP, DPC, DIAC, ET and D3. “Cluster” means the different sectors within the Zone in which businesses share the same or a related product or service which includes Science, Media, ICT, Design and Education.
    [Show full text]