Dubai Studio City to launch $327m investments

Dubai Studio City (DSC) is planning to invest $327 million in its first phase, which includes building studios, three-storey buildings and cinema and TV production units, Gulf News reported.The first phase will also include three large studios spanning between 15,000 and 50,000 square feet, made to meet the needs of mega cinema and television productions, as well as four six-storey office buildings and a 15-storey tower for DCS's headquarters.The Executive Director of Media for Tecom Investments, which owns DSC, stressed that the city is willing to participate in implementing the Dubai Strategic Plan 2015, especially within the framework of its economic aspect, which aims to diversify new economic activities, and encourage knowledge-based projects.