DSOA revenue hits AED544 7m in 2020 tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Dubai: The free zone entity Dubai Silicon Oasis Authority generated Dh544.7 million in 2020 revenues, an increase of 2.7 per cent over the year before, despite having to tackle the COVID-19 created impact.
In fact, there was a substantial 54 per cent increase in the number of licensed entities signed up last year, with 1,731 new companies. This took the overall number operating from DSOA to 4,936. The value of major projects completed in DSO last year was Dh4 billion.
All of which bodes well for the future, With Dubai Silicon Oasis being included as one of five urban centers within the Dubai 2040 Urban Master Plan, is testament to its status as a proof-of-concept for smart industries of the future, according to Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DSOA.