| 06 Mar 2010 |
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TECOM Investments Delivers Third LEED Certified Building at No Cost
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The Green Premium on Omnicom Media Group's New Office in Dubai Media CityDubai Media City
is only 0.11%Dubai: 6 March, 2010 - The Sustainable Energy and Environment Division (SEED) at TECOM InvestmentsTECOM Investments
, the developer of knowledge-based business clusters and a member of Dubai Holding, has achieved another important milestone by handing over the third Leadership in Energy and Environmental Design (LEED) certified building.The LEED Silver certified commercial building will be the new home for media giant Omnicom Media Group.
Located in Dubai Media CityDubai Media City, a member of TECOM InvestmentsTECOM Investments, the new building carries several distinctions. It is the first LEED-certified project at Dubai Media CityDubai Media City, the first LEED certified project delivered by TECOM InvestmentsTECOM Investments to a single business partner, and the seventh LEED certified project in the GCC.
The building is expected to reduce energy consumption by 11.4 per cent or about 151,787 kWh per year and is more energy efficient compared to ASHRAE 90.1 - 2004 standards. Similarly, domestic water consumption will be reduced by 50.5 per cent or about 546,063 gallons. Further water savings, for irrigation purposes, will also be achieved through utilizing the water generated from the air-conditioning system.
Ali Bin Towaih, Executive Director of SEED, said: "This is another remarkable achievement for the SEED team, and highlights TECOM's commitment to remaining a socially, environmentally and fiscally committed organisation. With thousands of companies operating out of its 11 business parks, TECOM is strongly aware of the importance of energy conservation.
"TECOM InvestmentsTECOM Investments has once again aligned its goals with Dubai's vision to transform the emirate into a sustainable business hub. We have also demonstrated that going green has no costs. From our own experience in creating LEED compliant office space, we are confident Omnicom Media Group's employees will benefit from the improved workplace conditions within the green building."
Mohammad Abdullah, Executive Director, Dubai Media CityDubai Media City
, said: "We are dedicated to spreading greater awareness among companies operating out of TECOM's business parks on the economic benefits of LEED-certified buildings. We have empirical evidence demonstrating that by adopting certain simple measures, companies can reap significant savings in their operating expenses. Our success has now prompted us to join hands with our business partners to help them realize similar savings."With this project, TECOM InvestmentsTECOM Investments has become the only developer in the country and the region to have delivered three LEED-certified buildings in a single calendar year - 2009.
Hisham Abi Nassif, Regional Executive Director - Group Development, Omnicom Media Group, said: "It is imperative for every organization to find different ways for reducing its carbon footprint. When we decided to take part in this project, we were confident it would not only improve the health and well-being of our employees but also positively impact our overheads and other related costs. The savings we expect to accrue through this building more than justify the initial investments, and we are grateful to Dubai Media CityDubai Media City for giving us such a unique building."
In addition to the Omnicom Media Group building, TECOM InvestmentsTECOM Investments has delivered two more LEED-certified projects in 2009. This includes the management offices at TECOM InvestmentsTECOM Investments that earned the LEED Platinum certification, and the Dubai International Academic City Phase-3 which achieved the LEED Silver certification.
-Ends-
About TECOM Investments
TECOM InvestmentsTECOM 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 InvestmentsTECOM Investments is currently active in buoyant cutting-edge sectors such as ICT, Media, Education, Sciences and Industrial.
A recognized leader in the global knowledge industry, TECOM InvestmentsTECOM Investments manages entities such as Dubai Internet City, Dubai Media CityDubai 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 InvestmentsTECOM 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 InvestmentsTECOM 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 InvestmentsTECOM Investments' complaint and feedback management system.
© Press Release 2010
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