Invest in DSO

[JakeB]

Originally Posted by Roshan

I call DSO a volcano waiting to erupt and indeed it has started erupting. However Business Bay and DSO cannot be compared. Business Bay you can open any kind of business. In DSO you can open only IT and related business'.

JLT would come out before DSO and hence could grab a slice of the business.

Regards

Roshan

I totally agree you cannot compare DSO to BBay.The point I was making is that BBay is very very expensive.DSO will be cheaper and so attract alot of companies who are desperate for office space,cannot wait for BBay to have completed towers,and don't need to be in Bbay.Basically anywhere will do.
Theres alot of commercial towers going up here,the ratio of commercial to residential is very good making renting fairly easy.Also,its away for the
awful traffic of dubai.
As for only IT companies allowed,that is correct for the manufacturing facilities to be built but anyone can rent out the office space.
As for JLT,isn't this all residential?

[DoBuy]

ARABIAN BUSINESS:
INDUSTRY PRESS RELEASES / Under the Patronage of H.H Sheikh Ahmed bin Saeed Al Maktoum; DSO hosts the world’s largest electronics forum
Posted on Thursday, 27 March 2008

Industry Sector Government
Country United Arab Emirates



Press Release Content

More than 120 decision makers from the world's largest technology companies to visit Dubai.



Under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, Dubai Silicon Oasis (DSO), the region's premier integrated innovations hub for high-tech industries, will be hosting the world's largest electronics forum for the first time in the Middle East, from 7-9 May, 2008.

The forum, which acts as a valuable networking platform for decision makers in the semiconductor, electronics and related industries, will take place at Madinat Jumeirah.

The forum will join specialists in Circuit design & production, technology investment, education, and many others, where they will have the opportunity to assess investment opportunities while experiencing the emirate of Dubai.

The International Electronics Forum has a solid reputation and has succeeded in building a track record for attracting investment to the hosting countries. Dubai Silicon Oasis has set the benchmark for attracting technology investment.

With Dubai's advanced infrastructure accompanied with DSO appealing value proposition and state-of-the-art infrastructure provided to companies and investors, DSO will have the chance to reveal the comparative advantage of Dubai business in Dubai in general and DSO in particular.

The International Electronics Forum is organized by Future Horizons, Europe's leading semiconductor industry analyst. The annual forum, which takes place at a different country every year, was launched in 1991 and has proven to be an industry catalyst.

Countries hosting the International Electronics Forum previously include Portugal, Morocco, Czech Republic, Malta, Hungary, Greece, and many others.

[Roshan]

Originally Posted by JakeB

I totally agree you cannot compare DSO to BBay.The point I was making is that BBay is very very expensive.DSO will be cheaper and so attract alot of companies who are desperate for office space,cannot wait for BBay to have completed towers,and don't need to be in Bbay.Basically anywhere will do.
Theres alot of commercial towers going up here,the ratio of commercial to residential is very good making renting fairly easy.Also,its away for the
awful traffic of dubai.
As for only IT companies allowed,that is correct for the manufacturing facilities to be built but anyone can rent out the office space.
As for JLT,isn't this all residential?

JLT is 50% residential and the balance 50% is commercial and mixed use.

Regards

Roshan

[JakeB]

AME INFO:

Porsche selects Dubai Silicon Oasis for its MENA Headquarters
Dubai Silicon Oasis Authority (DSOA) announced today that Porsche, one of the world's leading car manufacturers, will establish its Middle East and North Africa regional headquarters within the region's premier integrated innovations hub for high-tech industries.
United Arab Emirates: 6 hours, 54 minutes ago PRESS RELEASE


The German car manufacturer will be locating its regional training centre for its experts, engineers, and technicians. Moreover, Porsche will continue, through its 6,000 sq meter facility, supporting its partners in the GCC, Levant, and African countries on all aspects including sales, after sales, marketing and training.

Shahla Ahmed Abdul Razak, Deputy Chief Executive Officer - DSOA signed the agreement with Deesch Papke, Managing Director- Porsche Middle East and Africa. Shahla Abdul Razak said:


'The new headquarters for Porsche will complement our rapidly growing portfolio of leading global entities. We are confident our enabling services will match the high quality standards demanded by distinctive brands and contribute towards supporting their business objectives. Moreover, the placement of technical engineers at the Porsche headquarters falls in line with DSOA's comprehensive strategy, especially that the number of engineers operating from within a technology park determines its level of success.'



She added: 'As already known, electronics are considered the most important variable in the automotive industry, for they constitute the majority of the car systems and mechanics. Therefore, the partnership with Porsche goes in line with our long-term strategy to develop a diversified portfolio of world-class partners who will contribute to positioning DSO as a technology hub not only in the Middle East but across the world.'

Acknowledging the sizeable cost benefits offered by Dubai Silicon Oasis, Deesch Papke said: 'DSO's sophisticated infrastructure and high quality services will significantly help us meet our operational and business needs.

'Dubai Silicon Oasis' prime location works well for us in terms of business-ability. The hub also reflects Porsche's philosophies of high technology and superior engineering. As Porsche continues to increase its presence around the world, we will continue to add new products that will enhance our already broad spectrum of sports models.'

DSOA is a wholly-owned entity of the government of Dubai, operating as a free zone technology park for semiconductors, microelectronics and other electronic-based companies looking to set up their regional headquarters and R&D divisions.

[JakeB]

Porsche at DSO,this is really going to get things going big time !!

[JakeB]

DUBAI CHRONICLE:

Porsche Chooses Dubai as Its Middle East, Africa Headquarters


Porsche AG plans to establish its Middle East and North Africa base in Dubai Silicon Oasis, a state-owned technology park.

The German carmaker will locate its regional training centre there, according to an e-mailed statement from Dubai Silicon Oasis Authority today.

Porsche planned to design 17 buildings around the world in partnership with the state-owned Dubai Properties, with the first tower located in the Gulf emirate, it said in a statement in October 2006. (Bloomberg)

[ITMASTER]

DSO is leasehold or there is freehold projects?

[DoBuy]

Its leasehold although u still get all the benefits of freehold apparantly.

[JakeB]

Dubai Silicon Oasis lures Dh19b in investment
By Nadia Saleem, Staff Reporter
Published: April 08, 2008, 23:38


Dubai: Current investment in Dubai Silicon Oasis Authority (DSOA) is worth Dh19 billion and the projects will be implemented by 2012, according to a senior official.

Jihad Kiwan, executive director of technology and investment generation, DSOA, said: "This is a start and our long term projects will be worth much more."

The Dubai government established DSOA a few years ago to attract investment in the semi-conductor sector and it is expected to support the region's information technology services sector.

Current IT spending in the Middle East and Africa is $40 billion (Dh146.8 billion), according to global IT research organisation International Data Corporation.

"The Gulf IT market is expected to be worth over $9 billion (Dh33 billion) by the end of this year," it said in a latest report.


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However, experts say the region has been lagging behind in research and development in the information technology sector.

The Dubai Silicon Oasis Authority has attracted investments in two major factories within its premises. "There is a factory for laptop and flat panel display units and another for building films to capture solar energy," Kiwan said.

Circuit design centre

It is also developing its own circuit design centre, with ten engineers working on the latest technology, officials said.

"Major companies have design centres but this is the first initiative where a design centre is fully owned by an Emirati company," said Kiwan.

DSOA will be hosting the 17th annual International Electronics Forum, the first time ever in the Middle East.

"We are placing DSOA on the world map with the forum," said Shahla Ahmad Abdul Razak, deputy chief executive of DSOA.

Abdul Razak said the DSOA is investing in a software development company. "We have a 60 per cent share," she said.

"More growth is coming from developing countries," said Malcom Penn, organiser of the International Electronics Forum, and chairman and chief executive of Future Horizons, a semiconductor industry analyst firm.

"The UAE contributes around 25 per cent to the global growth average of 10 per cent," he said.

[sgaur]

Is it wise to invest in DSO in Commercial Property? I have an offer 60% of property amount to be paid in 5 years at 5%. Will property generate rental income to cover interest and principal? Developer is suggesting that property will generate 18% rental income at today's property price? Which I feel is not possible. Can anybody suggest me to buy this property and this much return is possible? Can a funished office of 900 sqft fetch annual income of around AED 180K in DSO? Would appreciate to suggest.