Silicon Oasis reports 134% increase in net profits in 2011

Dubai: Dubai Silicon Oasis (DSO) said it has recorded 134 per cent jump in net profits reaching Dh131 million in 2011, while its current asset base has increased to Dh7.5 billion.

DSO has registered Dh308.6 million operating revenue in 2011. The integrated technology park recorded Dh719 million in revenues for 2011, up by 5.1 per cent from 2010.

Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), said: "The free zone witnessed a 43 per cent rise in company registrations, taking the total number of entities operating at the technology park to 531.

"European companies make up 32 per cent of the total number of companies operating at DSO, whereas American organisations comprise around 11 per cent. While Asian and MENA companies stand at 19 per cent and 37 per cent respectively, Australian companies make up one per cent. DSO hosts the regional headquarters of most of these companies."

DSO-based companies operate in various industries, including software research and development as well as chip design and development for consumer goods, education and the service sectors.

In addition, a range of companies work in the chemical products, semiconductors and solar energy space, in addition to offering communications and security solutions for sectors such as oil and gas, power, utilities, telecom operators, transport and fibre optics.

Home to 30,342 people, DSO aims to eventually accommodate over 160,000 residents, he said.

"In real estate, DSO sold or leased 85 per cent of the Dh1.55 billion Cedre Villas development during 2011, while registering 100 per cent occupancy of the project in 2012.

"Development and construction works are progressing in 106 locations within DSO. We have completed construction of 79 buildings since the inception of the park. We also aim to commence on the third phase of the light industrial units. Comprising 22 units at a cost of Dh22 million, the construction is scheduled to be completed in the first quarter of 2013."

Shaikh Ahmed said: "Dubai Silicon Oasis Authority recently launched the Silicon Oasis Founders (SOF), a technology incubation centre wholly owned by the authority. SOF was set up in response to market indicators that businesses participating in an incubator programme are far more likely to succeed in the long term. We believe that our holistic incubation approach is especially well suited to meet this need and will emerge as a leading incubator that supports high potential technology ventures in the seed phase."

DSO has also finalised an Dh130 million sewer system networks with a capacity of producing 3,000 to 10,000 cubic metres of water daily that can be used for agricultural irrigation. Currently 49 buildings have been plugged to the sewerage system network while 12 buildings are currently being connected.