Consultancy, New Media, Production, Media and Marketing Services and Freelance Segments Drive Growth

Dubai-UAE: 15 February, 2012 – TECOM Investments’ Media Cluster, which includes Dubai Media City (DMC), Dubai Studio City (DSC) and International Media Production Zone (IMPZ), today announced it has experienced steady growth in the number of companies registered in 2011 with 284 companies setting up base at the cluster

Key segments that saw new additions at TECOM Media Cluster in 2011 include freelancers, consultancy, event management, media and marketing services, new media as well as television, film and radio production.

The five key pillars of the media industry comprise funding of local content production, talent development, infrastructure digitisation and ‘smart collaboration’ between media and telco players, as well as monetisation of content and the regulatory role of the government, according to Emmanuel Durou, Telecommunications, Media and Telecom (TMT) Director, Deloitte Middle East.

The rapid progress and enormous diversity of digital solutions, as well as convergence of media, along with the growing demand for premium indigenous content offers an extremely promising future for the regional broadcast industry. Therefore, it is imperative to adapt to this rapidly changing scenario if the sector is to capture emerging opportunities, according to Abdulla Al-Mohaisin, Director - Business Development, TECOM Investments’ Media Cluster.