TECOM Investments Wins Emirates Energy Award for Third Successive Year Water Conservation Initiative Wins Distinction

Dubai: 31 March, 2010 – TECOM Investments, developer of knowledge-based business clusters and a member of Dubai Holding, today announced it has won the Emirates Energy Award (EEA) in the ‘Minor Projects’ category for its project ‘Water Conservation Programme at Site A’.

The award was presented by His Highness Sheikh Majid bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority, at a gala ceremony in Dubai. Organized annually under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the EEA honours companies and individuals that have implemented measures to utilize energy in the most rational and efficient way possible.

The programme implemented in collaboration with Dubai Municipality has successfully helped TECOM Investments reduce water consumption and sewage across Dubai Internet City, Dubai Media City and Dubai Knowledge Village. It resulted in bringing down potable water consumption by 42 million gallons across TECOM’s own facilities and private investors’ buildings, while eliminating 7,700 sewage tanker trips from the roads of Dubai.

The entire project was financed by Dubai Internet City (DIC) and the investment was recovered in 22 days. As one of the first organizations in the region to launch a Sustainable Development Policy in August 2006, TECOM has consistently implemented a variety of conservation projects, green building certification programs and sustainable procurement through its Sustainable Energy and Environment Division (SEED).

Abdullatif Al Mulla, Group CEO of TECOM Investments, said:

We have consistently raised the benchmark year on year to reach greater heights in our conservation efforts. The implementation of our sustainable development policy has clearly demonstrated that such initiatives make us a fiscally, environmentally and socially responsible organization. In 2009 alone, our energy and water conservation programme helped us save AED14.2 million and reduce Co2 emissions by 17,500 tonnes.

Ali bin Towaih, Executive Director of SEED, said:

We are delighted with our successful partnership with Dubai Municipality in making this project a success. Projects such as these enable us to reduce water consumption by 34 per cent, tremendously lowering the financial burden on the utility. We are delighted to have included private investors’ buildings as well in this programme, and are grateful to Malek al Malek, Executive Director of Dubai Internet City, for his contribution in realizing this achievement.

Malek Al Malek said:

Businesses have increasingly become aware of their organisation’s impact on the environment that drives them to place greater emphasis on green development. Dubai Internet City has been playing an instrumental role in developing and leading various initiatives that aim to reduce its carbon footprint while creating a sustainable community. Our contribution to TECOM Investments’s ‘Water Conservation programme’ has enabled us to strengthen our social commitment activities.

TECOM Investments has won many different categories in the Emirates Energy Awards, including the Energy Engineer Award, Minor Energy Project Award, and Private Corporation Energy Award.

Notes to Editors

About TECOM Investments

TECOM Investments, based in Dubai, 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 buoyant cutting-edge sectors such as ICT, Media, Education, Sciences and Manufacturing and Logistics.

A recognized leader in the global knowledge industry, TECOM Investments manages entities such as 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, Enpark, Dubai Healthcare City and Dubai Industrial City.

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.

Emirates International Telecommunications Limited holds stakes in Tunisie Telecom and GO, telecommunication carriers in Tunisia and Malta respectively.

SmartCity, an international venture develops knowledge industry townships worldwide and it 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.

TECOM also launched the inaugural Pearl Awards in 2008 to honour and recognize its outstanding business partners.  The awards include categories for Corporate Social Responsibility Achievement of the Year, Innovation of the Year, Employer of Choice, Fastest Growing Company of the Year, Customer Service, Globalization and Diversification, Contribution to the UAE Society, HSE Award, Entrepreneur of the Year, Company of the Year, and Award for Maximum Suggestions made through VOICE IT - TECOM Investments' complaint and feedback management system.

About Enpark

ENPARK, the Energy and Environment Park, a member of TECOM Investments, is a Free Zone spanning over 8 million square feet of office, research centre, residential, educational and leisure facilities located in Dubai, United Arab Emirates. ENPARK is a special destination for clean energy and environmental technology companies to operate and a fully-integrated knowledge community that includes programs, services, partnerships and amenities to support the success of environment companies and their employees. Combing the unique assets of being at the heart of the international hub for the Region with the exclusive experience of a sustainable community, ENPARK’s ambition is to offer a world class sustainable lifestyle and build a sustainable culture. For more information, please visit: www.enpark.ae