Establishment of DTMFZA
DTMFZA was established through Law No. 1 of 2000 of the Emirate of Dubai establishing the Dubai Technology, Electronic Commerce and Media Free Zone, issued on 29 January 2000 by The Ruler of Dubai. Dubai Technology Electronic Commerce and Media Free Zone (TECOM) was renamed Dubai Technology and Media Free Zone Authority (DTMFZA) in Law No. 9 of 2003 of the Emirate of Dubai.
Dubai Technology and Media Free Zone began with the launch of Dubai Internet City in October 2000, to support and develop the Information & Communication Technology (ICT) sector. Dubai Media City for the media cluster, and Dubai Knowledge Village for the education cluster, were set up in January 2001 and October 2003, respectively.
The phenomenal success of the cluster model led to a rapid expansion of the Free Zone into other knowledge-based industries (see opposite). The Free Zone now includes a total of 10 business parks, managed by TECOM Investments. Each business park operates as a distinct entity, covering four industry clusters - ICT, Media, Education and Sciences:
ICT Cluster– Dubai Internet City, Dubai Outsource Zone
Media Cluster – Dubai Media City, Dubai Studio City, International Media Production Zone
Education Cluster – Dubai Knowledge Village, Dubai International Academic City
Sciences Cluster – DuBiotech, The Energy and Environment Park (Enpark)
DTMFZA’s Relationship with TECOM Investments
In May 2001, DTMFZA established a subsidiary with legal status as a Free Zone Limited Liability Company (FZ-LLC). This entity, named ‘Dubai Internet City Investments FZ LLC’ was renamed to ‘TECOM Investments FZ LLC’ in October 2004.
At this time, DTMFZA was restructured to divide the regulatory and commercial roles of the organisation. TECOM Investments FZ-LLC was transferred from being a subsidiary of DTMFZA to a subsidiary of the newly created Dubai Holding Group and became responsible for the commercial development of Dubai Technology and Media Free Zone.
DTMFZA became exclusively dedicated to regulation and policy development, with the mission to provide a sound and transparent regulatory environment for sustainable industry development and implement efficient approaches to regulatory inspection and enforcement.