Investments in Dubai Silicon Oasis reach AED3.6 billion

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Dubai / WAM

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, on Saturday announced that total investments in Dubai Silicon Oasis amounted to AED3.6bn in 2015.
Projects carried out by the DSOA accounted for half of all investments, while foreign investments at the hi-tech park contributed to the remaining half.
Sheikh Ahmed bin Saeed, who is also Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, commended DSO for its strong performance that registered a 16% growth in recurring revenue over the previous year.
Commenting on DSOA’s investments, HH Sheikh Ahmed, said, “The investment projects that DSOA is currently working on include the AED1.3bn smart city project Silicon Park, as well as the AED56mn student accommodation for the Rochester Institute of Technology Dubai. Other key projects that are underway include the fifth phase of implementation of light industrial units costing AED46mn, the AED23.5mn water treatment plant, two electricity generating plants valued at AED192 mn, the AED30mn Lake Park project, the AED44mn roads improvement project and Techno-hub valued at AED97 million.”

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