DSOA records 5.4% rev­enue growth

Dubai Sil­i­con Oa­sis Au­thor­ity reg­is­tered a 23% in­crease in num­ber of rented spa­ces

Gulf News - - Region -

Dubai Sil­i­con Oa­sis Au­thor­ity (DSOA), the reg­u­la­tory body for Dubai Sil­i­con Oa­sis (DSO), yes­ter­day an­nounced a 5.4 per cent in­crease in rev­enue in the first half.

Dur­ing that time, DSOA reg­is­tered a 23 per cent in­crease in the num­ber of rented spa­ces in its Data Cen­ter, while re­port­ing hikes in ser­vice fee prof­its at 28 per cent and com­mu­nity ser­vices prof­its at 18 per cent com­pared to the first six months of 2016.

Shaikh Ah­mad Bin Saeed Al Mak­toum, Chair­man of Dubai Sil­i­con Oa­sis Au­thor­ity (DSOA), high­lighted DSO’s abil­ity to con­tinue its growth and make prof­its is a re­sult of its keen in­ter­est in study­ing the mar­kets and un­der­stand­ing re­cent trends and needs emerg­ing from the chang­ing tech land­scape.

DSOA cur­rently hosts sev­eral lead­ing global cor­po­ra­tions. Ac­cord­ing to lat­est fig­ures, 36 per cent of the com­pa­nies at the hi-tech park are from the Mid­dle East and Africa re­gion, 25 per cent are Euro­pean, 30 per cent are Asian, while 7 per cent orig­i­nate from the Amer­i­cas. 81 per cent of th­ese com­pa­nies operate in the tech­nol­ogy sec­tor, while 19 per cent span other in­dus­tries. The num­ber of com­pa­nies op­er­at­ing within DSO reached 2,100 at the end of the first half of 2017.

Mo­ham­mad Al Zarouni, Vice-Chair­man and CEO of DSOA, said DSOA has al­lo­cated Dh100 mil­lion to pro­vide an ad­vanced tech­no­log­i­cal in­fra­struc­ture at Sil­i­con Park, the first pro­ject in Dubai to fully im­ple­ment the smart city con­cept and to im­ple­ment smart ser­vices in line with Dubai’s smart city ini­tia­tives.

“In line with the UAE Vi­sion 2021, the pro­ject achieves sev­eral of the key per­for­mance in­di­ca­tors of the UAE Na­tional Agenda, in­clud­ing co­he­sive com­mu­nity, safe so­ci­ety, and sus­tain­able en­vi­ron­ment, and aligns with the lat­est global trends for smart cities. Sil­i­con Park has al­ready gar­nered much in­ter­est from in­ter­na­tional com­pa­nies keen to par­tic­i­pate in the UAE’s march to sus­tain­abil­ity. Once com­plete, it will pro­vide a su­pe­rior stan­dard of liv­ing for res­i­dents, pro­fes­sion­als, and visi­tors.”

He added: “DSO’s suc­cess in pre­sent­ing a com­pre­hen­sive smart city model has en­abled it to set bench­marks in de­vel­op­ing smart ser­vices in the coun­try and the wider re­gion. DSO con­tin­ues to of­fer in­no­va­tive ser­vices and so­lu­tions that at­tract ex­perts and ideas from start-ups and large cor­po­ra­tions across di­verse sec­tors within and out­side the UAE.”

At the end of the fifth phase that was com­pleted in Jan­uary, DSOA’s to­tal in­vest­ment in the pro­ject reached ap­prox­i­mately Dh223 mil­lion. The sixth and fi­nal phase of the pro­ject, set for com­ple­tion in the first quar­ter of 2019, has been launched at a to­tal cost of Dh110 mil­lion.

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