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Back in 2020, Dubai and major parts of the world noticed a massive decrease in economies due to the safety measures implemented in regard to the global and fast spread of the corona Virus. There was a health crisis that had reached its peak, the consequences of COVID-19 came with difficulties in regard to the economy, sectors and various other industries. However, there was a solution that contributed to help the world adapt to the “new normal”. The fact that digital transformation has uplifted well due to Covid-19 is in no state of denial though. The world has moved online from work meetings to education, shopping and tourism. The focus was on technology solution developers and providers. Ph.D. in an exclusive interview with Arabian Business. Mohammed Al Zaroni, Vice Chairman and CEO of DSOA, revealed that the Dubai Silicon Oasis Authority generated a total revenue of 544.7 million dirhams in 2020, an increase of 2.7% from 2019.
During the same year, it called out on 1,731 new organizations, raising the total number of registered firms previously registered at DSO by the end of 2020 to approximately 4,936 which increased by 54% since 2019. He also stated that the core value of important projects came to a positive end in DSO in 2020 reaching AED 4 billion. He also noticed an important role that the Dubai Silicon Oasis Authority (DSOA) will play as the lead for turning into a revolution and building immense knowledge which in turn would contribute well to Dubai’s journey in order to become the world’s smartest and happiest city to reside in, including attractive foreign investments.
Dr Al Zarooni says: “Dubai Silicon Oasis contributes to the economic development of Dubai; through the unique services and investment environment it provides for new companies. The new developments in Dubai Silicon Oasis, whether in education of advanced technology or in smart healthcare services, empower innovation through encouraging research and development.” He emphasizes that Dubai Silicon Oasis’ inclusion as one of the five urban centers as part of the larger Dubai 2040 Urban Master Plan—a science, technology, and knowledge hub that fosters innovation, the growth of the digital economy, and the development of talent—is evidence of its status as a proof-of-concept for future smart industries on a global scale.
The government’s directions to support the knowledge-based economy and capitalize on the most recent Fourth Industrial Revolution applications are supported by DSOA’s efforts to integrate cutting-edge technology in new industries. Dr. Al Zarooni observes that Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and its ruler, directed the policies and programs carried out in the UAE. 2020 marks the official opening of the 150,000 square meter Dubai Digital Park (DDP) project, which cost AED1.5 billion. Since it was established, a number of international corporations have made DDP their top choice for the location of their corporate headquarters and operational bases. DDP was able to achieve occupancy rates of 80% for both its office buildings and boutique structures as a result. DDP offers 60 smart city services through a unified, secure platform that successfully combines the needs of employees, residents, and tourists with the operational needs of businesses.
With an investment of AED100m, the smart services promote smart city projects that are in line with the goal of becoming Dubai the world’s smartest and happiest city. The Dubai Technology Entrepreneur Campus (Dtec), the largest tech hub and co-working space in the MENA region, is dedicated to providing cutting-edge facilities to start-ups and entrepreneurs who are engaged in developing innovative solutions for smart cities, such as overcoming congestion, ensuring effective waste management, and ensuring energy efficiency. This is done in an effort to promote and attract technology-focused start-ups, entrepreneurs, and innovators. More than 1,000 start-ups from 75 different countries are currently based at Dtec, an increase of 7% from 2019. Many of these businesses are engaged in the development of blockchain and AI technology.
Dubai Silicon Oasis, which is ideally situated at the intersection of Al Ain Road and Mohammad bin Zayed Road, has established itself as a top choice for hundreds of international and domestic businesses, striving to become one of the finest technology world around U.A.E. and around the world in the near future.