H.H. Sheikh Mohammed Launches AED2.8B Silicon Oasis Expansion Plan

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched a major AED 12.8 billion (approx. USD 3.49 billion) expansion plan for Dubai Silicon Oasis (DSO), reinforcing the emirate’s strategic focus on innovation, technology and economic diversification.

The expansion, announced on Thursday, January 22, aims to transform Dubai Silicon Oasis, a key special economic zone for knowledge, innovation and tech investment, into a global centre for future industries. Sheikh Mohammed said the initiative supports Dubai’s vision to anticipate and shape the future by harnessing advanced technologies and fostering an environment that attracts talent and high-value investment worldwide.

At the launch ceremony, attended by senior UAE leaders, officials emphasised the plan’s potential to accelerate DSO’s role as a hub for research, development and innovation, one that will bolster Dubai’s competitiveness in emerging sectors such as artificial intelligence, robotics, quantum computing, smart mobility and Web3 technologies.

The expansion encompasses two flagship projects:

• District IO: Backed by approximately AED 11 billion, this tech-centric district will feature 25 advanced, LEED-certified buildings, including commercial, residential and hospitality facilities. Designed to house research labs, office spaces, retail zones and an innovation and experience centre, District IO is expected to generate more than 70,000 direct and indirect jobs over the next decade and contribute up to AED 103 billion to Dubai’s GDP by 2036. It also seeks to attract roughly AED 30 billion in foreign direct investment while providing a platform for more than 6,500 companies, SMEs and startups.

• Block 14: With an investment of around AED 1.8 billion, Block 14 will deliver a residential and lifestyle district linked to Dubai’s expanding public transport network, notably near the Blue Line metro station. Scheduled for completion by 2029, the development will elevate the quality of life within DSO with amenities and services tailored to residents and businesses alike.

Officials highlighted that the expansion aligns with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33, underscoring the emirate’s commitment to building sustainable, people-centric communities that support long-term economic growth and innovation.

The AED 12.8 billion expansion initiative marks a significant milestone in Dubai’s strategy to cement its position as a global technology powerhouse, drawing talent, investors and enterprises to a thriving ecosystem where creativity, knowledge and future-focused industries can flourish.