Qatar Science & Technology Park Opens its Doors to Switzerland

Published June 16th, 2005 - 07:07 GMT

Over the next three days, senior executives of Switzerland's leading industrial, life sciences and health companies will be briefed on the merits of establishing operations at the Qatar Science & Technoqlogy Park (QSTP). Organised by Economic Development of the Department of Public Economy of the Canton of Zurich, the forum explains the benefits offered to Swiss companies that invest in technology-based activities in the Gulf state.

The relationship between Switzerland and Qatar has strengthened in recent months with a visit of Swiss government and education officials to Doha last December, and again this April when leaders of several Qatar Foundation institutes travelled to Zurich for an address to the prominent Global Medical Forum. With this week’s seminars the Swiss-Qatar relationship gains a new facet: corporate technology investment.

Dr. Eulian Roberts, Project Director of QSTP and leader of the Qatar delegation, said, "Switzerland is renowned worldwide for its cutting-edge corporate sector, and for those firms to expand globally from a small home market. This closely parallels the way forward for Qatar’s knowledge economy. We are very pleased to have the opportunity to showcase what QSTP can offer Swiss technology companies.” Dr. Roberts also pointed out that the rapid growth of Qatar’s economy, coupled with tangible support offered by QSTP, should attract Swiss technology companies to expand into the Middle East.

Situated in a free trade zone at Qatar's renowned Education City, QSTP is currently operational and its new buildings will open mid 2006. The science park has already attracted blue chip companies such as EADS, ExxonMobil, Microsoft, Shell and Total. Such tenants enjoy access to the region’s brightest students and faculty at co-located campuses of Carnegie Mellon University, Texas A&M University, Weill Cornell Medical College and a coming $900 million teaching and research hospital. They also benefit from the fact that QSTP’s facilities and services are designed from the ground up for technology development, and are provided on a non-profit basis.

Dr. Stephan Kux, Head of Economic Development and European Affairs for the Department of Public Economy of the Canton of Zurich said, "Qatar is a stable country and one of the fastest growing economies in the world – we believe that QSTP represents an ideal environment for Swiss technology companies in the Middle East.  What we see as being unique about QSTP in the region is its tangible support for research and commercialisation activities, not only for large Swiss corporations but also small companies and even new-start businesses."

During its three days in Zurich, QSTP is presenting at Technopark Zurich, Biotech Center Schlieren and Technopark Winterthur. Attending the seminars will be invited companies and research institutes from Zurich and across Switzerland, spanning sectors such as health, life sciences, food, electronics and industrial sectors.

Qatar Science & Technology Park is creating the ideal environment in which to develop and commercialise technology.  It provides world-class facilities and services for companies from around the globe, and is fostering start-up technology enterprises.  Located in Qatar’s renowned Education City, QSTP tenants have access to the region’s leading research universities and their highly qualified graduates.  QSTP will also be one of Qatar’s first free-trade zones, making it easy and attractive to set up a wholly-owned company in the country.  By encouraging local technology development, QSTP is creating opportunities for scientists and entrepreneurs from across the Middle East, and spurring innovations that will benefit the region’s industry and society.



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