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Dubai Silicon Oasis aims for IT and manufacturing market
Dubai Silicon Oasis Authority are subsidising rental fees for accommodation and offices by as much as 60 per cent to entice more IT professionals and manufacturers to work and invest in the free zone, which is tax-free and allows 100 per cent foreign ownership. The scheme aims to increase the number of companies in the free zone to 600 by 2012 from the present 119.
Dubai is paying real attention to the development of technology with massive government spending on technology and an advanced legal framework that supports the development.
Dubai Silicon Oasis was created by the Dubai government to foster innovation in society and create a knowledge-based economy and it hopes to maintain its image as a regional electronics hub by attracting more technology based companies.
Dubai Investment Property
