Dubai's version of "Silicon Valley" is undergoing a $3.5 billion expansion to create a future technology innovation hub spanning all sectors.

The United Arab Emirates announced the launch of the Dubai Silicon Oasis expansion project, with an investment of 3.5 billion dollars. The expansion plan includes two major projects, the IO Zone and the 14th Street District, with an investment of 3 billion dollars in the IO Zone, focusing on providing infrastructure that promotes future technological development and optimizing Dubai's research and innovation system. The first phase of the 14th Street District has a total investment of 500 million dollars and will serve as a residential area offering high-quality living experiences.