Tech & Sci
15:40, 24-Sep-2017
Chinese and Arab companies to work together at UAE tech transfer center
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A deal - titled The Memorandum of Understanding (MoU) - linking the Sharjah Research, Technology and Innovation Park (SCTR) with the China-Arab Technology Transfer Company was signed Saturday, officially launching the China-Arab Center for Technology in the United Arab Emirates (UAE), the state-run news agency WAM reported.
Hussein Al-Mahmoudi, CEO of the SCTR, and Louis Zhang, founder and CEO of the China-Arab Technology Transfer Company, attended the signing ceremony.
The center aims to boost the partnership between UAE research institutions and Chinese companies. It will also turn the SCTR into a regional platform for Chinese companies in areas such as water technology, renewable energy and environmental technology.
Zhang lauded the Sharjah Research Park for its contribution "to the promotion of innovation and entrepreneurship, typically for incubating projects, supporting innovation and encouraging startups."
He expressed the hope that the planned center will promote joint innovation, as well as knowledge and technology transfer between China and the Arab region.
Source(s): Xinhua News Agency