Where Business Has Long-Term Social and Economic Goals in the Middle East

2 min

SCROLL AT THE TOPLEARN MOREQatar Science & Technology Park (QSTP) establishedQatar’s leading hub for technology development, innovation and entrepreneurship involves life, bolstering the country’s RDI scheme. 20092010201120132016201720182019Richard O’Kennedy, vice chairman for analysis, Development, and InnovationAs QSTP has evolved over the past ten years, a vital development has been to spot the analysis happening everywhere Qatar and connect that with business,” “Yosouf Saleh QSTP’s government DirectorWe would love to envision Qatar as a world leader in RDI like eire or Singapore, and that we square measure manufacturing all the weather to urge there,” “Entering its second decade, QSTP is about to draw in additional international technical school companies.
Qatar Science & Technology Park (QSTP) is celebrating its tenth day of remembrance this year because the nation’s ground-breaking innovation hub for business development. The park has developed a worldwide name for its state of the art offices and facilities specifically designed for corporations trying to nurture business analysis, development and innovation (RDI). Its combination of pioneering foreign possession, visas and residency rules—unparalleled within the region—as well as different funding mechanisms have created a verifyi setting for entrepreneurs because the park appearance ahead to successive ten years.

As Qatar’s 1st free-trade zone, QSTP was created attainable by Associate in Nursing investment of the Qatar Foundation, a noncommercial organization comprised of quite fifty entities operating in education, analysis and community development to form an impression. QSTP takes the foremost exciting concepts from this scheme of colleges, universities and institutes and commercializes them.

“As QSTP has evolved over the past ten years, a vital development has been to spot the analysis happening everywhere Qatar and connect that with business,” says Richard O’Kennedy, World Health Organization leads RDI efforts across the Qatar Foundation. “The manner we tend to do that is multipronged: we tend to maintain a healthy setting for multinationals and collaborate with a number of the world’s best institutions; we’ve a slew of funds to assist bridge the gaps between promising concepts and commercialization; and that we have a good information science strategy supporting analysis that ends up in new merchandise and even industries.”
QSTP was established in 2009 as Associate in Nursing innovation scheme, wherever domain and analysis establishments meet international trade, entrepreneurs and native partners. a huge discipline delight spanning a section the dimensions of concerning one hundred twenty five football game pitches, it’s currently home to company RDI laboratories, technology corporations, startups and RDI-focused businesses, together with first partners like General electrical, Cisco and Exxon Mobil. RDI is very important to Qatar to support economic diversification; tackle national challenges like water security, cybersecurity, tending and energy; and bolster regional leadership in innovation.

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