The company announced it’s investing AED 1.6 billion to acquire 138 industrial land plots, totaling around 33 million square feet. All the land sits within Dubai Industrial City, one of the UAE’s most active hubs for manufacturing, logistics, and supply chain businesses.

With this deal, TECOM’s total land portfolio grows to over 209 million square feet. That’s a significant expansion, but also a necessary one—industrial demand in Dubai has been climbing fast, and available land is running out. Dubai Industrial City is already at about 99% occupancy, and space is only getting tighter.

This move isn’t just about more square footage. It’s part of a larger plan to support the UAE’s push to become a global manufacturing and export powerhouse. Initiatives like “Operation 300 Billion,” “Make it in the Emirates,” and the Dubai Economic Agenda (D33) are attracting more businesses that want to produce and distribute from here, not just sell.

Abdulla Belhoul, CEO of TECOM Group, said the acquisition highlights the company’s commitment to supporting the national economy. He also pointed out that the UAE’s strong infrastructure and future-focused policies are drawing serious interest from global investors.

The land deal is being funded through TECOM’s current resources, and the group plans to use a flexible repayment schedule. Revenue from the new land is expected to kick in sometime over the next 12 to 24 months, depending on leasing timelines.

TECOM isn’t new to this. Last year, it picked up nearly 14 million square feet in the same area—and that land was quickly snapped up by companies in food production, transportation, metals, and other key sectors.

The timing makes sense too. TECOM reported strong financial results for the first half of 2025, with a 22% jump in profit and a 21% increase in revenue compared to the same period last year. With momentum like that, the group is clearly positioning itself to keep pace with rising demand.

Dubai Industrial City, a TECOM subsidiary, already plays a major role in the UAE’s industrial scene. With more than 350 operational factories and direct access to key transport links—like Jebel Ali Port, Al Maktoum International Airport, and the Etihad Rail—it’s no surprise that manufacturers and distributors are doubling down on the area.

This latest acquisition shows TECOM isn’t just keeping up with demand—it’s preparing for what’s coming next.