UAE Focus

$979m pumped into silicon park

May 2016

Dubai Silicon Oasis Authority (DSOA) invested Dh3.6 billion ($979 million) for the development of its integrated free zone technology park in 2015.

DSOA chairman Sheikh Ahmed bin Saeed Al Maktoum said the projects that DSOA is currently working on include the Dh1.3-billion ($353 million) Silicon Park as well as the Dh56-million ($15.2 million) student accommodation for the Rochester Institute of Technology Dubai.

Silicon Park will come up over a 150,000-sq-m area. The project, scheduled for completion by the first quarter of 2018, will comprise 71,000 sq m of office space, 25,000 sq m of commercial space, and 46,000 sq m of residential space. It will also feature a hotel, malls, shops, restaurants, and a multi-purpose conference centre.

More Stories