Dubai Knowledge Village a member of TECOM Investments, today announced the launch of Dubai International Academic City (DIAC), the world's only free zone dedicated to international higher education, reported UAE news agency WAM. Spread across an area of 25 million sq. ft., DIAC is the first dedicated tertiary cluster development. Out of this, eight million sq. ft. will be dedicated to the international higher education zone, while three million sq. ft will be allocated for research and development centres. Sports facility, student union, student and faculty accommodation will take up another three million sq. ft. The benefits for DIAC partners include 100 per cent foreign ownership, tax free status and full repatriation of profits. Additionally other support services that will be rendered by DIAC include issuance of students and faculty visas and organizing of major student related events and activities. Nearly 20 international institutes of higher learning from Australia, India, Pakistan, Iran, Russia, Belgium, UK and Ireland have already set up base at DIAC, catering to over 8,500 students. These include the University of Wollongong in Dubai, from Australia; Middlesex University Dubai Campus from United Kingdom and S.P Jain Centre of Management Dubai, from India. -- SPA
