Infrastructure at Studio City to cost Dh3.1bn
Dubai Studio City’s massive expansion in the past year has given rise to pre-production and post-production industry in the region.
Infrastructure development worth Dh3.1 billion is planned in the Studio City this year after the 18 boutique studios built at a cost of Dh110m were officially opened last December.
Following its impressive growth, Dubai Studio City (DSC), a member of Tecom Investments, was honoured for service to the industry at the Digital Studio Industry Leadership Awards 2008.
The Service to the Industry Award is presented to corporate and government initiatives that look beyond the financial performance and support the overall growth of the broadcast and media production industry in the region.
The awards ceremony served as the highlight of the second day of Cabsat, the Middle East’s largest cable and satellite industry exhibition. More than 350 leading professionals from the broadcast, production, post-production, and film industry, as well as systems integrators, consultants and VIPs attended the gala evening.
Jamal Al Sharif, director of Dubai Studio City, said: “Dubai Studio City is honoured to receive the Service to the Industry Award. This recognition is even more significant to us as it reflects the collective endorsement of our peers in the industry.
"We owe this distinction to our business partners who placed their faith in us while establishing their operations at Dubai Studio City and Dubai Media City.
“This is an important milestone for Dubai Studio City as a young organisation. This motivation will inspire us to continue pursuing our mission of providing world-class infrastructure and services to boost the growth of film, TV, radio production, post-production and broadcast industries in the region.”
In its bid to attract regional and international companies participating in Cabsat 2008, Dubai Studio City showcased its location services and infrastructural advantages, including its enormous networking potential for the broadcasting sector in the Middle East and North Africa (Mena) markets.
Dubai Studio City brought in investments of more than Dh200m to the emirate’s economy last year in terms of shooting budgets by international production houses.Al Sharif said this is more than a Dh70m increase from 2006 that saw a total of Dh128m invested in Dubai by local and international production houses.
“In 2007, we received 780 shooting applications from companies from the United Kingdom, United States, India, Germany, South Africa and the Arab countries. That generated more than Dh200m for Dubai,” said Al Sharif.
He said 110 shooting applications were approved in November last year alone. With more than 70 companies operating in the Studio City currently, 22 new companies opened their offices there in 2006.
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