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Dubai Silicon Oasis (DSO) is one of the numerous free zones in the country where local and foreign investors can start and scale up their venture. Designed as a technology park, it then follows that a huge percentage of its tenants are companies in the high technology industry. There is also a smattering of firms in diversified fields, such as finance, legal, oil and gas, and research and development, operating in the free zone.
DSO covers a long stretch of land where all the elements of modern living and working are integrated into one setup. The whole development is divided into five: commercial, industrial, residential, public facilities and education.
The technology park boasts modern business infrastructure and facilities served to answer the needs of the many firms it houses. It provides “plug and play” commercial space in different sizes complete with parking areas, dining establishments and banks, a conference centre that can seat 30 people, meeting rooms that can be occupied by 10 persons, multi-use warehouses, light industrial units with warehouses and fitted offices, and even plots of land for industrial purposes. Furthermore, the free zone offers business startups venture capital funding and other forms of business support and services.
DSO has also come up with several initiatives that meet business and residential requirements. One of these is Silicon Park, considered a “smart city project.” Scheduled to be finished in 2017, it will comprise commercial offices, houses, a hotel and sports facilities. Being a smart city, the park will only utilise electric vehicles to ferry residents, employees and visitors from one destination to another.
The entire mixed-use community is littered with banks, car rental companies, a post office, food and beverage outlets, retail shops, supermarket, a pharmacy and a hotel. As a free zone, all companies within its jurisdiction get to enjoy the free zone advantage.
* DSO offers warehouses, light industrial units, offices and others
* Silicon Park is a smart city project that will feature electric cars
* All companies operating within DSO enjoy free zone advantage
Source: Ellen Joyce Soriano, Special to Properties
The writer is a freelancer