Complex Made Simple

Dubai Silicon Oasis H1 operating profit grows by 6%

Free zone techno park Dubai Silicon Oasis (DSO) has reported a 6% rise in first-half operating profit to Dhs121.9m, compared with the same period last year, Alrroya has reported. DSO also posted Dhs323.3m in revenues for first half of 2011, a 4% increase compared to the same period in 2010, and a net profit of Dhs58.5m. Total assets for Dubai Silicon Oasis Authority (DSOA) are estimated at Dhs7.5bn, whereas the total liabilities amount to only Dhs1.4bn. The registration of new companies at the free zone rose 32% in the same period, bringing the total number of entities operating at the technology park to 482.