DSO attracts Dh5.8 billion investments

A Staff Reporter
Filed on December 8, 2006

DUBAI Dubai Silicon Oasis (DSO) has attracted Dh5.8 billion investments this year while DSO Authority has invested about Dh1.2 billion in infrastructure development at its urban master-planned community at the Dubai Airport Free Zone.

"We have been able to attract a number of international hitch industries in the first phase development of DSO. We expect a significant increase in the number of companies in the second phase of the project," said Shahia Ahmed Abdul Razak, Deputy CEO of DSO.

While foreign companies have invested more than Dh400 million in DSO, investments in property development amounted to Dh4.2 billion. According to the latest statistics, 63 per cent of the companies operating from DSO are engaged in activities such as chip design, software development, research and development (R&) and IT trading. DSO announced yesterday that Solar Technologies Group, will invest Dh112 million in R&D, manufacture of next generation optical media products such as solar cells, solar panels and tempered glass.

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