The government-owned high-tech park for the
microelectronics and the semiconductor industry also posted a 148 percent
increase in revenue as the number of companies operating in the free zone rose
by 25 percent to 318 for the same period, according to a statement.
Sheikh Ahmad Bin Saeed Al-Maktoum, chairman of DSOA, said
the results confirm the strong investment potential and growth opportunities of
the high-tech park, which spans 7.2 million square meters along Emirates Road,
He also commended the Dubai Circuit Design Centre,
headquartered at the free zone and which recently won six new projects in
collaboration with leading technology companies, to design circuits for
semi-conductor chips of TSMC 40 nanometers.
Mohammad Al-Zarouni, vice chairman and CEO of Dubai
Silicon Oasis Authority, said: "Since the global financial crisis
unfolded, Dubai Silicon Oasis has devised a flexible strategy to tackle future
challenges and enable smooth operations while maintaining its annual growth
rate. The excellent first quarter performance bears testimony to the
effectiveness of our meticulous policy.
"In addition, DSO has attracted global technology
firms by providing additional services and facilities and creating an ideal
environment for start-up businesses. Our client portfolio currently comprises
66 percent of technology companies, ranging from IT and electronics to
telecommunications, semiconductor and energy companies.
"Engineering and the retail sector represent four
percent each of the total number of companies at Dubai Silicon Oasis, while 26
percent encompass diverse businesses."
"Our client portfolio currently comprises 66 percent
technology companies, ranging from IT and electronics to telecommunications,
semiconductor and energy companies. Engineering and the retail sector represent
four percent each of the total number of companies at DSO, while 26 percent
encompass diverse businesses," Al-Zarooni added.
A break down of companies at DSO indicates that 45 per
cent are European firms, 11 percent American, and 18 percent Asian, while the
companies from the MENA region constitute 26 percent of the entities operating
at the high-tech park, which was built half a decade ago.
