Sharjah Research Technology and Innovation Park (SRTI Park) participated in Hong Kong Trade Development Council (HKTDC) SmartBiz Expo 2019, a one-stop platform for enterprises, especially small and medium enterprises to explore market opportunities and trends in business transformation and upgrade through innovation, creativity, application of technology and design.
The exhibition was held at Hong Kong Convention and Exhibition Centre from December 4 to 6.
Through its participation, the Park seeks to hopes to attract global investments and companies operating in these modern innovative sectors. This exhibition was an opportunity to interact and communicate with institutions and companies specialised in research and investment development.
SRTI Park’s platform witnessed a remarkable presence of visitors and exhibitors. The team reviewed the priorities, objectives of the Park and the benefits provided by it to the potential investors in the technical sectors, and introducing them to the latest initiatives, projects and future partnerships with international companies and institutions.
His Excellency Hussain Al Mahmoudi, CEO of SRTI Park, said that the aim was to introduce investors to the opportunities available in Sharjah and in the Park in particular, and the vast capabilities, privileges and facilities that is provided to attract foreign investments in research and development. “We are happy that SRTI Park will develop strategic cooperation with the Hong Kong Trade Development Council to explore more opportunities provided by Sharjah as research and development centers in the Middle East and Asia for investors in Hong Kong.”
Sharjah is the gateway in developing and expanding the economic investment partnership with Hong Kong, it contributes to strengthening relations between the two countries in areas such as knowledge transfer, technology, innovation and development, by focusing on key areas such as 3D Printing, energy, renewable technologies, digital transformation and industrial modernization.
Hong Kong is a distinct economic partner for Sharjah and the UAE in general, as the UAE is the largest export and import market for Hong Kong in the Middle East with upward growth during the last ten years. The strong relations between Hong Kong and the UAE are not limited to commercial exchange, Sharjah is particularly important to investors from Hong Kong, as was evident during the promotional tour conducted by the Park in China and Hong Kong earlier this year, through participation in the Belt and Road Initiative.
"The Emirate of Sharjah has a vital strategic location between Europe and the Far East, which makes it an attractive destination for investors wishing to establish a headquarters for their operations in the Middle East. We confirm that SRTI Park seeks to contribute effectively to be an active part of these fast-growing economic relations between China and the UAE, and provide an attractive investment base to accommodate Chinese investments in the Park’s six focus areas.”
The participation was also aimed at reviewing the investment opportunities available in the Park, which is designed according to the best practices and the highest international standards followed in the construction of technology parks. The Park focuses on a few research areas including: Water Technology; Digitization; Transport and Logistics; Environmental Technology; Renewable Technology; Production, Design and Architecture. The triple helix partnership between SRTI Park, government and private sectors and academic institutions supports Sharjah’s move towards knowledge-based economy.
The Park also organised many introductory sessions, attended by a number of businessmen and entrepreneurs, during which Al Mahmoudi spoke about the latest initiatives, future projects and important partnerships with international companies and institutions based in the Park for research and development. A number of direct bilateral meetings were held which were attended by the delegation from SRTI Park and investors in the fields of 3D printing, energy, renewable technologies, digital transformation and industrial modernization. The meetings focused on attracting innovations specializing in high-tech products, using SRTI Park as a test bed for research and development in the Middle East.