This project involves construction of an Innovation Hub, which will provide 1.6 million square feet of dedicated space to around 15,000 knowledge and creative workers. It will be located on Plot No. A-012-007 within Dubai Internet City . Dubai Internet City (DIC) announced the Innovation Hub on its 15thanniversary in support of H.H. Sheikh Mohammed bin Rashid Al Maktoum’s vision of an innovation-led economy. 1.8 million square feet is set aside to create a vibrant community of innovators exploring new ideas in technology, new media, smart education and the sciences. The new business park is at the heart of Dubai’s premier commercial zones, and adjacent to the Dubai Internet City, Dubai Media City and Knowledge Village. It will offer companies of all sizes – including start-ups, SMEs and multinationals – world-class facilities and services, robust and adaptable state-of-the-art infrastructure. Phase 1 entails buildings 7A and 7B on Plot No.7 including boutiques 7C, 7D, 7E, 7F, basement 1, 2 and access road. Bids have been submitted for the main construction contract and are currently under evaluation. An award is expected in the second quarter of 2016.