The Dubai Government has outlined a new strategy for Dubai Silicon Oasis
free zone.
The 7.2 sq km free zone is set for more office development after the Dubai
Silicon Oasis Authority (DSOA) said on Saturday that it was updating its
strategy for the area to focus more on becoming a technology-led business
park.
The community was set up in 2004 to promote Dubai as a hub for technology
firms. By the middle of last year 1,187 technology and services companies
operated there.
In recent years the park has become well known as a reasonably priced area
particularly popular with expatriates. DSOA on Saturday announced a
four-pronged 2021 strategy for the free zone to make it better connected to
encourage more investment from foreign technology firms and innovation, and
to create a transparent environment.
DSOA said the strategy would “take bigger steps" towards realising the
vision and mission of the park through promoting technology-based
industries, facilitating their work and boosting research and development
efforts.
Sheikh Ahmed bin Saeed, the DSOA chairman, said that the initiatives and
policies of the new strategy “focused on building the capabilities and
competencies of the UAE in the technology sector and served to encourage
entrepreneurship, provide employment opportunities and career development
for UAE nationals".
