Dubai, UAE, September 23, 2017:  In line with its continuous efforts to encourage innovation, research and knowledge transfer between the UAE and research institutions and centers, the Sharjah's Research, Technology, and Innovation Park (SRTIP) has recently signed a Memorandum of Understanding (MoU) with the China Arab International Technology Transfer Co.ltd., the main platform for technology transfer and scientific cooperation between China and Arab countries. The new agreement is aimed towards the creation of a center for technology transfer while also helping in the creation of newer partnerships between research institutions, companies and entrepreneurs, and in line with the objectives of the China Belt and Road Initiative. The MoU was signed by Hussain Al Mahmoudi, Chief Executive Officer (CEO), AUSE and Sharjah's Research, Technology, and Innovation Park and Xiaojing Louis Zhang, Founder and CEO of the China Arab International Technology Transfer Co.ltd. 

 

The soon to be established center is expected to play a significant role in the move to support the growth of the national economy--driving in new partnerships with research institutions, and innovation focused companies in the UAE, particularly in Sharjah. The center will also add social and cultural impact through its promotion of economic exchange, dissemination and enrichment of knowledge and key scientific research. The initiative is also being seen as a proponent in helping SRTIP become a regional platform for the promotion of innovation, research and development and technology exchanges in the fields of renewable energy, environment, water technology, transportation, information technology, architecture and industrial design. The move will also benefit staff working across various disciplines--helping improve their experiences and enrich the knowledge of students from the American University of Sharjah by leveraging the center as an active campus partner. In line with all of these, the new center is predicted to leave a positive footprint in the overall efforts to achieve fiscal sustainability while also enhancing the reputation of the China Arab International Technology Transfer Co.ltd across local and international levels. 

 

This newly signed MoU demonstrates the excellent relations between China and the rest of the Arab region while also contributing in the strengthening of relations via significant fields such as knowledge transfer, innovation and development, said Al Mahmoudi. To date, the UAE is home to more than 4,200 Chinese companies and 300,000 Chinese nationals--which makes this MoU more significant in the move to reinforce our ties with China. Under the terms of this agreement, the focus will be on key areas such as 3D printing, energy, renewable technologies, digital transformation and industrial modernization. The new center will enhance Sharjah's status as a regional capital for education, science research and development, and reflects the vision of the UAE government to become a knowledge-based economy.

 

Our cooperation with SRTIP is seen as an added value in the areas of research, technology and innovation, as it is a free zone that contributes to enhance these respective fields. 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. We look forward to supporting the development process based on innovation as well as intensifying fruitful cooperation in various fields such as digital economy, artificial intelligence, quantitative computing, data development, cloud computing and smart cities. We also aim to highlight entrepreneurship in the Internet age to help young people from around the world translate their dreams and aspirations, concluded Xiaojing Louis Zhang, Founder and CEO of the China Arab International Technology Transfer Co.ltd.

 

SRTIP has recently signed MoU’s with various international science and technology centers and prominent universities such as Technical Research Centre of Finland (VTT), Oulu University of Applied Sciences (OAMK), Oxford Sciences Innovation (OSI) and SAP.