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The upcoming merger of Sharjah Research Technology and Innovation Park (SRTIP) and Sharjah Oasis of Technology and Innovation (SOTI) is a major initiative aimed at strengthening the knowledge economy and entrepreneurial environment in the United Arab Emirates (UAE). Under the terms of the merger, SRTIP will absorb SOTI, pooling its resources and expertise to create an independent Free Zone Authority (FZA). As a result, the structure of the SRTIP will change to reflect the form and function of the new free zone.
Sheikha Bodour Al Qasimi, Chairman and President of SRTIP, believes that the merger will strengthen the UAE’s position as a global business and entrepreneurial destination while unlocking Sharjah’s huge potential in the technology and innovation sector. Expressing her excitement about this development, Sheikha Bodour said that the merger of SRTIP and SOTI and the formalization of SRTIP’s role as an independent free zone authority will achieve greater results in supporting the entrepreneurial ecosystem and developing Sharjah’s knowledge economy progress.
Since its establishment in 2016 under the Emirate Decree of His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, SRTIP has been operating as an industry, government and operates as a collaborative agency between academia and academia. However, oversight of AUS will be replaced by an independent board led by Sheikha Bodour. This new board will govern and represent the newly established Sharjah Research, Technology and Innovation Park Free Zone Authority.
The new Board of Directors is comprised of industry leaders and experienced entrepreneurs who have the relevant knowledge and experience to guide SRTIP’s future mission. Esteemed members include Prince Khaled bin Waleed bin Talal, Founding Chairman of KBW Investments; Dr. Sheikh Majid Al Qassimi, Founding Partner of Soma Mater; Sharjah Health Authority and Dr. Abdelaziz Saeed Obaid Bin Butti Almheiri, Chairman of Sharjah Medical 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 Center (Sheraa); Khaled Al Huraimel, CEO of BEEAH Group; Dr. Aisha Bint Butti Bin Bishr, Vice Chairman of Emaar Development; Alisha Moopen , Deputy General Manager, Aster DM Healthcare; Abdulaziz Loughani, Chief Executive Officer, Floward; Faizal Kottikollon, Founder and Chairman, KEF Holdings; Samer Sayegh, Managing Director, National Paint Factory Limited; and Careem co-founder and CEO Mudassir Sheikha.
Najla Al-Midfa is honored to join an exceptional coalition of leaders dedicated to driving entrepreneurship and innovation in Sharjah. She added: “My deepest gratitude to His Highness Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, for granting me the opportunity to serve on the Board of Directors of Sharjah Research, Technology and Innovation Park. I also sincerely Thank you to Sheikha Bodour Al Qasimi, Chairman of SRTIP, for her visionary leadership and guidance that will undoubtedly cement Sharjah’s position as a thriving destination for business, entrepreneurship and innovation.”
Under the guidance of AUS, SRTIP has successfully enhanced Sharjah’s reputation as an innovator in the technology industry. More than 2,000 companies specializing in advanced innovative technologies thrive in SRTIP’s dynamic business environment, with over $100 million invested in research. The time is now ripe to promote Sharjah as a leading global hub for innovation, business and entrepreneurship. Establishing a diverse and experienced board of directors is a critical step in realizing this vision.
To ensure a smooth transition of leadership, senior officials from the University of Sharjah, AUS and SRTIP have also been invited to join the new Board of Directors.
Board members serve four-year terms and work together to develop a clear vision for the long-term growth of the organization. They will oversee SRTIP’s day-to-day operations, align its strategic goals with stakeholder expectations, enhance its global credibility, develop marketing promotions and partnerships, and ensure its long-term sustainability.
With the merger of SRTIP and SOTI, Sharjah is expected to reach greater heights in technological innovation, cementing its position as a global startup destination and strengthening the UAE’s knowledge economy.
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