Tuesday , April 23 2019

Dubai Silicon Oasis profit surges 42.1%

DUBAI / WAM

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) has announced that the integrated free zone technology park achieved remarkable results during 2018 with a total revenue of AED576.9 million, as well as overall net profit of AED292.4 million in comparison with AED205.7 million in 2017, marking a surge of 42.1 percent.
Sheikh Ahmed bin Saeed said Dubai has achieved sustainable economic success under directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
He further highlighted the importance of Dubai’s free zones in supporting the economic development of emirate and in achieving UAE’s vision across different sectors. Notably, he stressed the role DSOA plays in contributing to Dubai’s economic development through attrac- ting companies operating in the knowledge, innovation, and technology domains.

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