Dubai: Retailer Union Coop has signed an investment contract with the Dubai Silicon Oasis Authority (DSO) to establish a commercial centre worth an estimated Dh94.4 million.

In a statement on Monday, the pair said that the deal was signed by Juma Al Matroushi, deputy CEO for operations and client affairs at DSOA, and Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop.

Al Matroushi said that DSOA was keen to attract “investment opportunities that contribute to the diversification of services available to its residents.”