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Dubai Internet City (DIC) and Dubai Media City (DMC) communities claim they are "poised for massive growth" with a number of private investors investing in the free zone's infrastructure development. Several private investors have entered into Property Management Leasing Agreements. Under the model, the private investor develops buildings on free zone land while the free zone runs and manages the property. Expansion results from interest from ICT and media companies around the world who want to be part of DIC and DMC, according to the free zone. The Al Thuraya 1 Tower, the first building developed by a private investor within the Free Zone has just opened for occupancy. It is fully occupied. "The new infrastructure expansion will create capacity for the Free Zone's growth into a more vibrant knowledge industry hub," said Jamal Abdul Salam, Executive Director of Dubai Internet City.
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