TECOM Investments: a leading cluster developer Introduction to Enpark The Energy & Environment Free Zone 2010
TECOM Investments: a leading cluster developer TECOM Investments based in the Middle East’s commercial hub Dubai, United Arab Emirates, is a member of Dubai Holding, a global company dedicated to knowledge and life-improving industries. A creator of vibrant knowledge industry clusters, TECOM Investments is currently active in sectors such as Information and Communication Technologies, Media, Education, Life Sciences, Clean Technology and Industrial.
Dubai Internet City (DIC) provides a strategic and cost effective platform for ICT companies targeting emerging markets in a vast region extending from the Middle East to the Indian subcontinent, and from Africa to Central Asia. Companies operating in DIC include Microsoft, Hewlett-Packard, Canon and Sony-Ericsson among others. Clusters’ overview Dubai Outsource Zone (DOZ), is the first free zone in the world dedicated to the outsourcing industry. It offers the perfect base for both captive and third-party outsourcing operations to provide mid and high-end services in areas such as finance, accounting, IT, payroll processing, engineering, R&D and design.
Dubai Media City (DMC) is the place where activities such as Media Consultancy, Publishing, Music, Film, New Media, Leisure & Entertainment, Broadcasting, Media & Marketing Services, and Business and News Agencies thrive. Companies in DMC include CNN, MBC, Leo Burnett and many others. Clusters’ overview Dubai Studio City (DSC) was designed to accelerate the growth of the broadcast, film, television and music production industries through provision of an ultra-modern facility integrating every component of content production & broadcast under one roof. Spread across 22 million sq.ft., it includes production, post-production, broadcast, equipment rental, freelancers, commercial offices, business centre and satellite facilities among others. Its many business partners also include ENDEMOL Middle East. International Media Production Zone (IMPZ), is a unique cluster for media production companies, offering the perfect environment for media production companies from across the industry value chain, and from across the world.
Dubai International Academic City (DIAC), located in Dubai Academic City, is the world’s only Free Zone dedicated to higher education. Spread across an area of 25 million square foot, the DIAC campus provides an environment of vitality and inspiration for students and faculty. Universities operating in DIAC include Heriot Watt, Manchester Business School, University of Phoenix and many others. Dubai Knowledge Village (DKV), places the Middle East on the map as the first and largest community for Human resources management professionals. Among the business partners Palladium, Gallup and Hewitt Associates. Clusters’ overview
Clusters’ overview Dubai Industrial City (DI) was launched as a landmark project and a business district to catalyze and support the development of the manufacturing sector through the provision of superior services, a commitment to quality, health and safety and the development of a unique live-work-play-learn environment in a special economic zone. Third largest non-real estate project in Dubai (560 million square feet of land). Sectors: Machinery & Mechanical equipment, Transport Equipment and parts, Base Metal, Chemicals, Food and Beverage and Mineral Products.
Clusters’ overview Dubai Healthcare City (DHCC) provides modern medical services in the disciplines relevant to the health issues facing the region and internationally. These include cardiology, oncology, diabetes as well as providing a basis of other preventive, health maintenance and rehabilitative services. Dubai Biotechnology and Research Park (DuBiotech) is Middle East’s first Life Science hub fostering collaborations and innovation through its commitment to Life Science research, education and industry - nationally and internationally.
Climate change: a global and regional challenge "If we did not take action to solve this crisis, it could indeed threaten the future of human civilization. That sounds shrill. It sounds hard to accept. I believe it's deadly accurate. But again, we can solve it.” - Al Gore “ We recognize that preserving our energy resources will be one of the greatest challenges in our drive towards sustainable development.This, however, will not materialize unless the different facets of our society adopt energy conservation principles in their core values.” His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of U.A.E. and Ruler of Dubai
The Development Challenge <ul><li>The UAE is the highest consumer of fresh water for all purposes compared to its western counterparts with 500 liters per day per person </li></ul><ul><li>Demand for electricity is rising at more than twice the global average at 7-10 percent per year </li></ul><ul><li>If everyone were to live and consume like the population of the UAE, we would need 10 planets (largest global footprint) </li></ul>The Market Potential <ul><ul><li>The UAE ratified the Kyoto protocol in January 2005 (Non-Annex I); </li></ul></ul><ul><ul><li>Dubai green building code to be launched in Q1 of 2010; </li></ul></ul><ul><ul><li>All hotels in Dubai have to reduce carbon emissions by 20% by 2011; </li></ul></ul><ul><ul><li>Abu Dhabi has set a 7% renewable energy target by 2020; </li></ul></ul><ul><ul><li>TECOM Launches the Sustainable Development Policy 2007; </li></ul></ul><ul><ul><li>IRENA locates its headquarters in the UAE in June 2009; </li></ul></ul><ul><ul><li>Saudi Arabia government committed US$120bn investment from 2002-2022; </li></ul></ul><ul><ul><li>Jordan targets 10% renewable energy share by 2020; </li></ul></ul><ul><ul><li>Morocco Launches US$13 bn renewable project for 2020; </li></ul></ul><ul><ul><li>Abu Dhabi budgets US$12 bn for power, water projects from 2010- 2015. </li></ul></ul>MENA: Development Challenges & Business Opportunities
TECOM Investments responded by… 2 nd Creating the internal Sustainable Energy and Environment Division (SEED) & 1 st Launching Enpark as a free zone for Cleantech companies
Vision To advance the sustainable development industry in MENASA Mission To be an energy and environment business park that contributes AED 1bn annually to the energy and environment industry by 2014 Enpark Initiative Cleantech projects at TECOM
Enpark Initiative <ul><ul><li>ergy </li></ul></ul><ul><ul><li>vironment </li></ul></ul><ul><li>Creating a community where Sustainability principles and practices are applied for the enhancement of Dubai’s economic, educational, environmental and social fabric. </li></ul>
Enpark will be located on more than a 8 million sq feet site next to Emirates Road and Dubai International Academic City. Enpark Location Well connected: A convenient location near Dubai International Airport – only 30 minutes away from daily flights to hundreds of destinations worldwide Emirates Road: a national ring road directly connecting Dubai with the capital (Abu Dhabi) and the other Emirates of the UAE 45 minutes away from Dubai’s main port; Jebel Ali Port – the biggest port in the Middle East
<ul><li>Enpark Key Sustainability Initiatives </li></ul>Sustainable Infrastructure and Buildings <ul><li>Certified Green Buildings </li></ul><ul><li>Infrastructure Energy Efficiency </li></ul><ul><li>Energy Efficiency in Buildings </li></ul><ul><li>District Cooling </li></ul><ul><li>Waste Water Management Programme </li></ul><ul><li>Community-wide Recycling Programme </li></ul><ul><li>Utilization of Construction & Demolition Waste </li></ul><ul><li>On-Site Renewable Energy </li></ul><ul><li>Reduced Automobile Dependence </li></ul>
Currently Enpark licensed companies have the option to choose any location in the TECOM Free Zones
Free Zone Benefits <ul><li>100% Tax Free </li></ul><ul><li>100% foreign ownership </li></ul><ul><li>No Corporate Tax </li></ul><ul><li>No Income tax for 50 years </li></ul><ul><li>No Custom Duty </li></ul><ul><li>Full Currency convertibility </li></ul><ul><li>No restrictions on capital, trade barriers or quotas </li></ul><ul><li>Hassle-free Company registration </li></ul><ul><li>Hassle-free company laws and legal framework </li></ul>Please see our Free Zone laws for more information on the benefits, rules and regulations
<ul><li>Renewable Energy </li></ul><ul><li>Energy Generation </li></ul><ul><li>Green Buildings </li></ul><ul><li>Water and Waste water </li></ul><ul><li>Recycling & Solid Waste </li></ul><ul><li>Energy Efficiency Equipment </li></ul><ul><li>Energy Storage </li></ul><ul><li>Energy Transmission & Distribution </li></ul><ul><li>Air & Environment </li></ul><ul><li>Transportation </li></ul><ul><li>Organic Products </li></ul><ul><li>Associations / Non-profit Organizations from the fields above </li></ul>Licensing Categories Enpark licenses fall in these categories :
ENPARK: the 3 stages of the registration process To learn more, visit www.enpark.ae Initial meeting Enpark supplies information on licensing categories, template business plan and application forms Provisional approval Applicants submit completed application forms, business plan and the required passport copies to obtain pre-registration approval to join Enpark Collecting legal documents Subject to approval, Enpark will supply checklist of all legal documents needed to proceed and will advise clients on licensing and office fees Opening corporate account After submission of documents, a letter to open a corporate account will be supplied to applicant – for depositing necessary paid-up capital for FZ company Signing confirmation documents After opening corporate account, Enpark will invite applicant to confirm FZ incorporation documents and fees payable Issuing license TECOM authority to verify documents and issue license and lease of the free zone office after required initial payments are received 1 2 3 Obtaining pre-registration approval – 5 working days Registering the company and depositing paid-up capital – 3 to 4 working weeks* Confirming license and office details and issuing license – 5 to 10 working days* * It may take up to this amount of time depending on shareholder structure of proposed entity, legal framework selected (FZ-LLC or FZ-Branch) and time taken by applicant to open corporate account and deposit paid-up capital
ENPARK: focal points for registering your company Mr. Ahmed Lootah Telephone: 04 364 2067 Mobile: 050 518 0707 Email: [email_address] Ms. Huwaida Atrach Telephone: 04 369 2241 Mobile: 050 587 6518 Email: [email_address] <ul><li>Key information and links: </li></ul><ul><li>www.enpark.ae : How to register, partner profiles and industry news </li></ul><ul><li>www.tecom.ae : TECOM Business Parks, Free Zone Authority, Rules and Regulations and quick links to Government Services and Registration and Licensing portals (click on Quick Links Community Guide / Government Services) </li></ul>
SEED Sustainable Energy & Environment Division SEED was created in August 2006 to drive the implementation of the Sustainable Development Policy at TECOM Investments. SEED works to create CLEANTECH projects that help improve TECOM’s fiscal, environmental and social performance.
SEED’s implementation of the SD Policy has created Cleantech projects worth an estimated AED 30 million till date. How SEED works
Awards October 2009 “Environmental Excellence” at CSR Summit, Dubai, UAE Best Company ‘07 Company of the Year ‘08 Alternative Energy Awards in Qatar January 2009, “Excellence in Environmental Projects & Products – Future Projects” for Enpark Private Corporation ’08 Energy Engineer 08 Energy Engineer ‘07