Dubai recently announced the establishment of the Mohammed Bin Rashid Technology Park, which promises to reinforce Dubai's role as the premier regional technology and science hub, stated a press release. The Park will be located south of Sheikh Zayed road in Jebel Ali, covering a land area of three square kilometers.
Not only is the Technology Park designed to serve as a regional platform to launch international, local and regional technology businesses across the Middle East, Central Asia and Africa, it also provides an ideal vehicle to utilize qualified local resources through sustainable capital-based development at the same time as boosting Dubai's competitive advantage.
MenaLink, a company involved in cross border technology transfer has signed an agreement to launch a business accelerator in the Technology Park. MenaLink has already mobilized a network of leading technology partners and began accelerating an initial pipeline of projects.
Other groups that have declared their interest in joining the MenaLink Center in the Mohammed Bin Rashid Technology Park are: GE EDG, a GE subsidiary specializing in complex engineering and design, Manufacturing Extension Partnership (MEP), a US group specializing in technology transfer to manufacturers; and the Idaho National Engineering and Environmental Lab (INEEL), the leading environmental lab of the US Department of Energy.
The Mohammed Bin Rashid Technology Park will also focus on attracting business accelerators, consultancy firms and venture capital groups in addition to manufacturing and industrial companies. High Tech services such as design, consultancy, prototype production of incubated innovations, industry and spin-offs will also hold viable positions in the Park.
Environmental management companies will focus on water resource management, biosaline products and technology, pollution management and control systems, recycling industries and clean energy industries such as solar and wind technology. Health technology businesses will concentrate on Biotech products and processes, pharmaceuticals and medical devices and equipment. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
