Expanding Boundaries: TEC’s Vision for India and the Middle East

The Executive Centre (TEC), a Hong Kong-based flexible workspace provider, is significantly expanding its operations in India and the Middle East, with a strategic focus on these rapidly growing markets. The expansion plan is driven by the resilience and robust growth of these regions despite global economic uncertainties. Here’s a detailed overview of TEC’s expansion plans:

In India

  1. Expansion Scale: TEC aims to add approximately 500,000 sq ft in India as part of its expansion plans​​.
  2. Investment and Growth: TEC has invested over INR 100 Crore in the first half of 2023, with the signing of eight new centres across major cities in India, including Bengaluru, Delhi, Gurugram, Mumbai, and Hyderabad​​. These centres are located in prime locations like Helios Business Park in Bengaluru, DLF Centre in Connaught Place, New Delhi, and others, adding a total of 2 lakh sq ft of Grade A flexible office space and 2,200 workstations to TEC’s existing portfolio​​.
  3. Facilities: The new centres are designed according to global standards and offer a range of facilities to enhance productivity and work-life balance, including fitness centres, wellness rooms, mother’s care rooms, business lounges, libraries, phone booths, cafés, and more​​.
  4. Market Demand: The demand for flexible workspaces in India is growing rapidly, particularly in sectors such as IT/ITES, banking, and healthcare. This growth is a significant driver for TEC’s expansion in the country​​.

In the Middle East

  1. Investment in Dubai and Abu Dhabi: TEC has already invested nearly 200 crore in Dubai and Abu Dhabi, with an additional 50 crore earmarked for a new centre in the region, highlighting its commitment to the Middle East​​.
  2. Abu Dhabi Operations: TEC’s centre in Abu Dhabi is located at Al Maryah Tower in Abu Dhabi Global Market (ADGM), spanning 10,000 sq. ft. with 175 workstations. The focus remains on Abu Dhabi and Dubai for immediate expansion​​.
  3. Expansion Scope: TEC is looking to add at least one lakh sq ft in the Middle East in the coming years. The total investment in Dubai is approximately Rs 142.48 crore, and about Rs 98 crore in Abu Dhabi​​.
  4. New Centre in Abu Dhabi: Recently, TEC leased over 10,000 sq ft space in Abu Dhabi at Al Maryah Tower, ADGM. This centre, their second in the country, will have 175 workstations and is expected to launch in January 2024​​.

Overall Expansion Plans

  1. Total Coverage: TEC aims to reach close to 1.7 to 1.8 million sq ft in India and approximately 1.5 million sq ft in the UAE. In 2024, the company plans to add 300,000–400,000 sq ft in India and at least 100,000 sq ft in the Middle East​​.
  2. Global Presence: TEC currently has a presence in 15 markets and 33 cities, with a total of 4.2 million sq ft of collaborative workspace globally​​.

This expansion by TEC reflects the growing trend of flexible workspaces and the increasing demand for such facilities in both India and the Middle East, catering to the evolving needs of modern businesses and professionals.



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