Tecom Investments said it has signed an agreement with the Dubai Carbon Centre of Excellence (Dubai Carbon) as part of its efforts to turn the Tecom business parks into carbon-free zones.

Under this, both the entities will work collaboratively to identify emission reduction opportunities in its free zone business parks, said Dr  Amina Al Rustamani, the group CEO of Tecom Investments after signing the deal with Waleed Salman, the chairman of Dubai Carbon.

One of Tecom Investments’ largest portfolio companies is Tecom Free Zone Business Parks which comprises nine business parks arranged under four industry clusters across the ICT, Media, Education and Science sectors.

Dubai Design District, better known as d3, is the newest of Tecom Investments’ free zone business parks with 10 buildings currently under construction.

Once complete, d3 will be purpose built environment catering to the full value chain of the design, fashion and luxury industry – and all with the vision of creating a world class creative community that engages, nurtures and promotes local, regional and global design talent.

In the first phase, Dubai Carbon will analyse each park’s operations and identify potential emission reduction initiatives starting with d3.  

Dr Al Rustamani said: "In this reinvigorated business climate, we should exceed expectations and leverage the public private partnership route to increase our ambition and provide the end-users with more options to fulfil theirs.”

The parks are today home to over 4,500 businesses, including major multinationals and many of the Fortune 500 companies. These will be the ultimate beneficiaries of resource inventory and efficiency strategies that will lead to increased quality of living and working standard, in line with international best practices, she stated.

Dubai Carbon has been appointed to analyse and advise on the operations of all members of Dubai Holding, in an effort to generate efficiencies and cost savings though comprehensive strategy development.

Commenting on the MoU, Salman said the collaboration with Tecom has the potential to become Dubai’s flagship for resource efficient commercial developments.

"Tecom’s core objective is to act as a catalyst that drives the growth of businesses and people. The collaboration with Dubai Carbon will introduce environmental considerations that will ultimately lead to the support of green business practices within Tecom Free Zone Business Parks," he added.

Dubai Carbon operates under the umbrella of the Dubai Supreme Council of Energy in partnership with the United Nations Development Programme.-TradeArabia News Service