SHARJAH, (Pakistan Point News - 04th Jul, 2023) Sheikha Bodour bint Sultan bin Mohammed Al Qasimi affirmed that fusing Sharjah Research Technology and Innovation Park (SRTIP) with Sharjah Oasis for Technology and Innovation (SOTI) will boost UAE’s knowledge economy and status as an entrepreneurial haven.
Under the merger, SRTIP will absorb SOTI and combine the organisations’ resources and expertise to form an independent Free Zone Authority (FZA).
Consequently, the structure of SRTIP will change to reflect the new FZA’s form and function.
This advancement will further unlock the considerable potential of Sharjah’s technology and innovation sector while cementing UAE’s position as a global destination for business and entrepreneurship.
Since H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, established SRTIP in 2016 by Emiri decree, it has operated as a “triple helix” collaboration between industry, government and academia with oversight from the American University of Sharjah (AUS) Enterprise Programme.
Now, under Emiri Decree No. (9) of 2023, AUS’s oversight will be replaced by an independent board of Directors, Chaired by Sheikha Bodour Al Qasimi, that will manage and represent the Sharjah Research, Technology and Innovation Park Free Zone Authority.
Sheikha Bodour Al Qasimi said, "Merging SRTIP and SOTI, and formalising SRTIP’s role as an independent Free Zone Authority means we can make bigger strides in our mission to support the entrepreneurship ecosystem and develop the knowledge economy in Sharjah and the UAE.
“Under the stewardship of AUS, SRTIP has been hugely successful in enhancing Sharjah’s standing as an innovator in the technology sector. It has created an attractive and dynamic business environment for more than 2,000 companies specialising in advanced innovative technologies, which have invested more than US$100 million in their research. The time is right to reach higher and underscore Sharjah’s position as a leading global destination for innovation, business, and entrepreneurship. The establishment of a diverse and experienced Board of Directors to guide and support the vision of SRTIP is an important step on that path," she added.
The new Board of Directors will comprise industry leaders and experienced entrepreneurs with relevant knowledge and experience to guide SRTIP towards its future mission.
They include Prince Khaled bin Waleed bin Talal, Founding Chairman, KBW Investments, Founder and CEO of KBW Ventures; Sheikh Dr. Majid Al Qassimi, Founding Partner of Soma Mater; Dr. Abdelaziz Saeed Obaid Bin Butti Almheiri, Chairman of the Sharjah Health Authority and Chairman of Sharjah Healthcare City Authority; Adel Abdullah Ali, CEO of Air Arabia Group; Ahmed Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq); Najla Al Midfa, CEO of Sharjah Entrepreneurship Centre (Sheraa); Khaled Al Huraimel, CEO of BEEAH Group; Dr. Aisha Bint Butti Bin Bishr, Vice Chairman of Emaar Development; Alisha Moopen, Deputy Managing Director, Aster DM Healthcare; Abdulaziz Loughani, CEO of Floward; Faizal Kottikollon, Founder and Chairman of KEF Holdings; Samer Sayegh, Managing Director of National Paints Factories Co. Ltd.; and Mudassir Sheikha, Co-Founder and CEO of Careem.
To ensure the smooth leadership transition, senior officials from University of Sharjah, AUS and SRTIP are also invited to join the new Board of Directors, namely: Hamid M.K. Al Naimiy, Chancellor of the University of Sharjah; Dr. Susan Mumm, Chancellor of American University of Sharjah; and Hussain Al Mahmoudi, CEO, Sharjah Research, Technology, and Innovation Park (SRTIP).
The four-year membership of the Board will help to establish a clear vision for the long-term growth of the organisation.
Members will assist in overseeing SRTIP’s day-to-day operations and support the alignment of its strategic goals with the expectations of internal and external stakeholders. They will also work to enhance its global credibility, developing marketing outreach and partnership, and ensuring its long-term sustainability.
