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Chinese delegation explores investment opportunities in Sharjah

The meeting addressed a number of sectors such as water technology, transport and logistics, renewable technology, digitalisation, environmental technology and product, design and architecture. (Image source: SRTI Park)

During a meeting with Chinese delegates, Sharjah Research, Technology and Innovation Park (SRTI Park) has discussed opportunities and strategic partnerships to attract investors in SRTI Park?s focus areas

These include water technology, transport and logistics, renewable technology, digitalisation, environmental technology and product, design and architecture.

Hussain Al Mahmoudi, CEO of SRTI Park, discussed the anchor projects and the park?s aim to create an environment conducive to creativity and innovation to enhance the status of the Emirate of Sharjah as the global destination in the fields of research and technology and to support its move towards the knowledge economy.

He called upon the members of the Chinese delegation to take advantage of the park?s easy access to vital and logistical facilities in the emirate and in the UAE and the infrastructure which meets the requirements of international standards, resulting to an ideal and safe investment environment, in addition to ownership and full tax exemption, providing great opportunities for industries and technological facilities.

The economic investment partnership between the two countries promotes areas such as transfer of knowledge, technology, innovation and development, focusing on major points such as 3D printing, energy, renewable technologies, digital transformation and industrial modernisation.

Al Mahmoudi further expressed his confidence that the UAE-China visits at the highest levels of leadership will consolidate the strategic partnership between the two countries, especially on the economic level, which will increase the flow of investments in both directions to serve the development requirements and support the interests of the UAE business community and its Chinese counterparts.

SRTI Park seeks to contribute effectively to being an active part of these fast-growing economic relations between China and the UAE and to provide an attractive investment base to absorb Chinese investments in the sectors in which the park operates.

The Chinese delegation expressed their admiration towards the park while praising the modern infrastructure compatible with the research and innovation sectors? investment requirements, and their keen interest in expanding the region?s market from SRTI Park.

China-Arab Technology Transfer Centre is launching in Sharjah as part of MoU signed with SRTI Park. As part of the MoU, the technology transfer centre will help forge partnerships between Chinese and Arab research institutions, companies and entrepreneurs. The move falls under the Chinese government?s Belt and Road Initiative, which seeks to foster trade connections, cooperation and knowledge transfer across Asia and Europe.

The centre is expected to play a significant role in supporting the growth of the UAE?s knowledge economy, driving new partnerships with research institutions, and innovation-focused companies in the UAE, in particular in Sharjah. Located next to the American University of Sharjah (AUS), the centre is expected to benefit students as an active campus partner. Areas earmarked for cooperation include 3D printing, artificial intelligence, cloud computing, data development, digital economy, digital transformation, energy, quantum computing, renewable technologies, industrial modernisation and smart cities.

SRTI Park has signed several memorandums of understanding and partnership agreements with leading international research centres and prominent universities such as Finland?s Oulu University of Applied Sciences (OAMK), Technical Research Centre of Finland (VTT), the UK?s Oxford Sciences Innovation (OSI) and enterprise software leader SAP.