Dubai on Thursday launched a Dh12.8 billion expansion of one of the emirate's leading business hubs, aimed at creating tens of thousands of jobs, attracting billions of dirhams of foreign investment and boosting gross domestic product by Dh103 billion over the next decade.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said the ambitious plans for Dubai Silicon Oasis would support efforts to build an “advanced, technology-driven business environment for emerging economic sectors” and cement the district's status as a global centre for innovation.
Sheikh Mohammed said the large-scale scheme would provide a “business ecosystem for 6,500 new
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