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FINANCIAL NEWS
Dubai- DSOA reports 26% rise in 2012 profit
27 Mar 2013
(MENAFN) Dubai Silicon Oasis Authority (DSOA) stated that the technology park’s net profit for 2012 jumped by 26 percent from a year before to USD45.01 million, reported Emirates 24/7.
DSOA Chairman, Sheikh Ahmed bin Saeed Al Maktoum, said that operating revenue in the year rose by around 5 percent from 2011, reaching USD43.27 million, whereas gross revenue reached USD185.68 million.
Sheikh Ahmed added that the number of firms operating under the DSOA grew by 32 percent to a total of 711 companies.
He noted that companies operating in the IT industry account for 68 percent of all firms at DSOA, while the remaining 32 percent are engaged with commercial and service sectors and diversified investment.
It is worth noting that around 32 percent of the firms in the authority are European, while 21 percent are Asian, 11 percent are American, 3 percent African, 1 percent from Australia and 32 percent from the MENA region.
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