Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, DSOA, the regulatory body for Dubai Silicon Oasis, DSO, on Saturday announced that the integrated free zone technology park has posted total revenue of Dh590.5 million and growth of 11.2 per cent in 2017, compared to the previous year.
Overall profits reached Dh205.7 million, a surge of 9.5 per cent compared to 2016. The entity also witnessed an increase of 16 per cent in business partners, with a total of 2,459 companies currently operating within the high-tech park.
Shaikh Ahmad said the results reflect the continued growth of the technology sector. He emphasised that Dubai Silicon Oasis Authority is keen to implement innovative and smart initiatives and projects that contribute to sustainable development while supporting the emirate’s economy, which is steadily moving towards a future based on diversity, progress and knowledge rather than the conventional dependence on oil.
Dubai Silicon Oasis has become one of the most important free zones in the region attracting international and regional technology companies to establish their business and augment their expansion and operations in the region, Shaikh Ahmad added.
He went on to say that such growth is facilitated by the modern infrastructure provided by DSO, backed by Dubai’s advanced network of airports, ports, roads, as well as specialised free zones and a legislative environment that draws continued foreign direct investment.