The developers of Dubai Design District, TECOM Investments, has stated that it will aim to complete phase one of the project within 18 months with the construction of 10 buildings already underway
A TECOM statement said, ?Dubai Design District will be key destination for the design, fashion and luxury industries and will offer people a dedicated district that will be the heart of the region?s design scene. We are confident that the district will play an integral role in diversifying Dubai?s economy once developed.?
Ahmed Bin Byat, CEO of TECOM's parent body Dubai Holding, said, ?The UAE?s resilient and growing retail and tourism sectors, its strong infrastructure and logistic network and the potential of the MENASA region have already attracted several of the world?s top design and luxury brands to set up their regional headquarters in Dubai.
?To further strengthen Dubai?s knowledge-based economy and ensure its sustainability, we must create an environment that would produce and nurture the future business leaders and entrepreneurs. Dubai Design District aims to provide this environment for the local talent interested in this sector. Furthermore, these talents will be able to draw on the experience of the leading regional and international operators who we are looking to attract to the district.?
TECOM Investments Group CEO Amina Al Rustamani added, ?The announcement of Dubai Design District is a landmark moment for TECOM and a natural expansion for the creative industries we have already established. Extensive market research into the design, fashion and luxury industries, coupled with our track record in creating, operating and growing successful, industry focused business parks in Dubai has led us to creating this new district.
?Luxury brands like Hermes, apparel brands Nike and Puma, educational institutions specialised in the industry like ESMOD, and related media like Harper?s Bazaar are already doing business in some of TECOM?s nine free zones and we want to see others join them.?
