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Sun 8 Aug 2010 04:55 AM

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DSOA announces 131% jump in DSO profits for 2010

Total number of companies operating in park rose by 25% to 318 in same period.

Sheikh Ahmed bin Saeed Al Maktoum, chairman, Dubai Silicon Oasis Authority (DSOA) said on Saturday that the high tech park had recorded a 131 percent growth in profits for the first half of 2010, against the same period last year.

He added that DSO had registered a 148 percent increase in revenue, while the total number of companies operating at the high tech park for the microelectronics and semiconductor industry rose by 25 percent to 318 in the same period.

Dr Mohammed Al Zarooni, vice chairman and CEO, Dubai Silicon Oasis Authority, said: “DSO has attracted global technology firms by providing additional services and facilities and creating an ideal environment for start up businesses."

He added: "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.”

A regional breakup of the companies at DSO shows that 46 percent are European based, 11 percent are American and 18 percent are Asian. Companies from the Middle East and North Africa region constitute 26 percent of the total entities operating at the high tech park.

Sheikh Ahmed noted that the results achieved for the first quarter of 2010 confirms DSO’s strong investment fundamentals and its growth opportunities.

He also commended the DSO based Dubai Circuit Design Centre for winning six new projects in collaboration with leading technology companies to design circuits for semiconductor chips of TSMC 40 nanometres.

Wholly owned by the Dubai Government, the Dubai Silicon Oasis operates as a free zone technology park for the semi conductor, microelectronic and other high technology based companies looking to set up their regional headquarters and ‘Research & Development’ facilities in the Middle East and Africa regions.

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