How Will UAE and China Foster R&D and Entrepreneurship Together?

The Sharjah’s Research, Technology, and Innovation Park has signed a Memorandum of Understanding with the China Arab International Technology Transfer Company for transfer of knowledge and scientific cooperation in the area of 3D printing, energy, renewable technologies, digital transformation and industrial modernization.

Located at the premises of the American University of Sharjah campus, the park aims to create an innovation ecosystem promoting R&D, entrepreneurship, and the collaboration between the state, the industry, and the academia. The exact opening date of the venue has not yet been officially announced, however, it is expected to bring many new bilateral partnerships between high-tech companies and universities in China and the UAE. It would also play an important role in promoting the economic exchange, dissemination, and transfer of knowledge.

The new initiative would cement Sharjah Park’s position as a leading regional hub for innovation, research, and technologies in the field of renewable energy, water management, transportation, industrial design, and architecture. The Park’s staff would also have the opportunity to increase its competences by participating in exchange programs in China. Entrepreneurs, officials, and academics from the Asian country would also visit the park to transfer knowledge and establish new partnerships.

As Hussain Al Mahmoudi, the chief executive of AUSE and Sharjah’s Research, Technology pointed out, UAE is a permanent home of over 300,000 Chinese nationals. Moreover, as many as 4,200 Chinese companies have branches in the Emirate. In this sense, the newly-established partnership is even more significant, concluded Al Mahoudi at the official signing of the MoU.

In turn, Xiaojing Louis Zhang, the founder, and CEO of the China Arab International Technology Transfer Company, commented that the new agreement and the free zone added value to many important fields, including academic research, technology, and innovation:

We are confident that this new China-Arab innovation center will achieve its set goals and objectives of promoting joint innovation, knowledge transfer and technology between China and the Arab region and support the move to become a knowledge-based economy.

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