FINANCIAL NEWS

Dubai Silicon Oasis records 28pct jump in revenue

12 Mar 2017

(MENAFN) Dubai Silicon Oasis Authority (DSOA) proclaimed that its net profit for last year jumped to USD64mn, up 28 percent over the previous year.

Moreover, its recurring income by the year-end too grew by 9.4 percent to reach USD141mn compared to the previous year.

Accordingly, Dubai Silicon has successfully transformed into a preferred integrated destination for IT firms and entrepreneurs.

The number of firms operating out of the tech park grew from 1.920 in 2015 to 2.120 in 2016, marking an increase of 10 percent.

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MENAFN1203201700450000ID1095307046

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