Ahmed bin Saeed Launches AED1.1 Billion ‘Silicon Park’ Project
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, today launched ‘Silicon Park’, the first integrated smart city project to be built in DSO at a cost of AED1.1 billion spanning an area of 150,000 square metres.
His Highness Sheikh Ahmed Bin Saeed Al Maktoum said: “Work has commenced, and the project will be completed by Q4 of 2017. This project is in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai to transform Dubai into the smartest city in the world over the course of the next three years. The project articulates Dubai’s Vision 2021 to transform the emirate into a smart city while ensuring that it remains on par with the latest global trends for smart cities.”
His Highness added: “We are confident that this project will succeed in offering a modern lifestyle for residents, workers and visitors. The project’s standards are aligned to the Dubai Government’s strategic directions on smart cities that focus on six pillars: life, society, mobility, economy, governance and environment.”
The Silicon Park project comprises 97,000 sq mts of office space, 25,000 sq mts of commercial space, 20,000 sq mts of residential area, and a 115 rooms business hotel in addition to value-added facilities that suit contemporary living such as restaurants, cafes, health and fitness centres, as well as running tracks and cycling trails, prayer rooms, a shopping centre and underground parking for more than 2,500 cars.