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Tecom Investments and Dubai World sign MoU to facilitate knowledge sharing
- United Arab Emirates: Wednesday, June 03 - 2009 at 12:45
- PRESS RELEASE
Tecom Investments today announced it has signed MoU with Business Excellence Center of Dubai World, a global holding company that manages and supervises a portfolio of businesses owned by Dubai Government, that will facilitate knowledge-sharing and benchmarking best practices in retail and residential community management.
Other officials from both organizations including Kannian Shanmugam, Director of Asset Management, Tecom Investments, and Shahid Osmani, Practice Head of Business Excellence Center, Dubai World, were also present.
The agreement will result in greater collaboration between Tecom Investments and BEC, and will cover areas such as the sales process, asset management, government services operations, and process management. As part of the MoU, Tecom and BEC will form working groups to oversee the implementation of the MoU.
Amiri said, "This represents a significant step for us as we seek to continuously enhance the quality of our services on a par with international standards. Through this collaboration, we are confident we will leverage Dubai World's expertise while simultaneously providing them with our core strengths and the way Tecom operates.
"As key supporters of knowledge-based industries, our scope of activities extends beyond our group companies to include leading Dubai-based entities for the benefit of the community. We believe the partnership between our two organisations will be immensely fruitful in raising service levels to global standards," he added.
Ms Shaloh said, "Creating benchmarks for best practices is what we do best at Dubai World's Business Excellence Centre. We believe that this strategic alliance will enable the transfer of knowledge and operational excellence to Tecom in a mutually beneficial manner. This cooperation brings together two of Dubai's foremost business groups in a common drive to achieve new standards of excellence in line with the vision set by the emirate's leadership."
Sharing of knowledge and best business practices remains the core principle of Tecom Investments. Within its sphere of activities, the developer of business clusters has continuously sought innovative ways to facilitate a culture of knowledge sharing among in its entities and its business partners.
Last year, Tecom conduced several benchmarking sessions with the UAE Ministry of Development for Government Sector and the Dubai School of Government, while also sending a high-level delegation to the Netherlands for a benchmarking workshop on excellence.
BEC is the counsaltancy arm of Dubai World, whose portfolio of global companies makes possible the creation of an environment that promotes international best-practices, reflecting the shared vision of both organizations as key contributors to setting new benchmarks in business excellence.
Dubai World is the only pact member, outside Europe, of EFQM (European Foundation for Quality Management).
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Notes and media contacts
About Tecom Investments:Tecom Investments, based in Dubai, is a subsidiary 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 buoyant cutting-edge sectors like ICT, Media, Education, Biotechnology and Energy.
A recognized leader in the global knowledge industry, Tecom Investments manages entities like Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai International Academic City, eHosting DataFort, International Media Production Zone, Dubai Outsource Zone, Dubai Studio City, DuBiotech and Enpark.
Tecom Investments' phenomenal growth also encompasses local and international joint venture interests like Empower, a district cooling service provider established as a joint venture with Dubai Electricity and Water Authority, Emirates International Telecommunications Limited, a joint venture with Dubai Investment Group and SmartCity, a joint venture formed with SAMA Dubai to develop and manage knowledge industry townships worldwide.
Emirates International Telecommunications Limited holds stakes in Tunisie Telecom and Maltacom, telecommunication carriers in Tunisia and Malta respectively. SmartCity has already laid the foundations of a global network of knowledge driven clusters through agreements to develop SmartCity Malta and SmartCity Kochi.
Tecom Investments also has interests in Axiom, the largest mobile distributor in the Middle East, and Interoute, the operator of Europe's most densely connected voice and data network.
About Dubai World:
Dubai World is Dubai's global investment flag bearer focusing on five strategic growth areas: Transport & Logistics, Drydocks & Maritime, Urban Development, Investment & Financial Services, and Energy & Natural Resources.
Its portfolio comprises some of the world's best known companies, including DP World, Drydocks World & Dubai Maritime City, Economic Zones World, Nakheel, Leisurecorp, and Istithmar World.
Dubai World's strategy is driven by a combination of pragmatic acquisitions and prudent investments and its corporate philosophy is based on strong fundamentals, best ethical practices and integrity.
For more information, please contact:
Kholoud Arif
Senior Media Relations Executive
JiWin Public Relations
Dir: +971 4 361 3599
Fax: +971 4 368 8001
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