TECOM GROUP’S DUBIOTECH AND ENPARK JOIN TO FORM DUBAI SCIENCE PARK
Dubai
Science Park will represent Dubai’s dedicated destination and platform
for members of the Life Sciences, New Energy and Environment
communities.
Dubai, UAE: As part of TECOM Group’s commitment to driving
innovation in Science, the company has announced that “Dubai
Biotechnology & Research Park” (DuBiotech) and the “Energy and
Environment Park (EnPark)” will operate under a joint umbrella to be
known as “Dubai Science Park” (DSP). This development is a
reflection of TECOM Group’s overall strategy to operate and develop
innovative communities, aimed at enabling business success.
The newly formed Life Science, New Energy and Environment business community,
Dubai Science Park (DSP) is the realisation of a continued
commitment to respond to the evolving needs of the industry, allowing
for increased collaboration and innovation.
Dubai Science Park will continue to support both SMEs and global firms
looking for a regional base for their Middle East operations, by
facilitating a bespoke yet vibrant community. It will create a holistic
environment for organisations across the life sciences
and energy industries, by continuing to offer flexible, bespoke
products and services for every facet of the science sector.
The new identity, Dubai Science Park, is a step towards the ambition to
deliver Dubai’s innovation strategy and diversify the economy through
the development of the life science, energy and environment sectors.
DuBiotech was established in 2005 to support the Government of Dubai’s
vision to transform the Emirate into a knowledge-based economy and
develop the region’s life science sector, and its talent pool. Since its
launch, DuBiotech has grown into a thriving community
of over 230 business partners including global industry players Pfizer,
Amgen, Bristol-Myers Squibb, Maquet, Firmenich and IFF. Its sister
park, EnPark, which was founded in 2007, has been widely recognised for
its work in the field of sustainability and
the development of environmental products and initiatives winning a
number of high profile awards such as the “UAE Green Brand” in 2012. As a
founding member of the Dubai Green Energy Partnership, EnPark has
remained at the forefront of development in green
energy, conservation and R&D.
The new brand has brought two promising markets together, life sciences
and new energy & environment. Over the past 50 years, science
innovation has contributed to the world through breakthroughs such as
vaccines, telemedicine, and robotic surgery. For emerging
markets looking to capture a segment of the life sciences market,
medical technology and health informatics look to provide a promising
avenue. In addition to this, the region is increasingly focused on
alternative energy solutions. According to the Middle
East Solar Industry Association (MESIA), in 2014, a record number of
solar projects were awarded in the Middle East, a four-fold increase
over the previous seven years combined.
DSP will provide the perfect platform to foster greater
collaboration, as well as helping build longer, richer relationships
within the Science sectors.
Marwan Abdulaziz, Executive Director, Dubai Science Park said:
“DuBiotech and EnPark have been successful business communities for many
years. However, as they have evolved, we have seen the opportunity to
further drive growth and development and as such, we have combined the
entities to achieve greater innovations and
serve the wider business community.
“The new brand, Dubai Science Park, in partnership with more than 280
business partners, is focused on achieving our vision of becoming the
most innovative and vibrant science community in the Middle East - a
place where employees and their families can work,
live and flourish.”
To coincide with the launch of the new community, DSP
commissioned a White Paper in collaboration with The Economist entitled
‘Innovation in Life Sciences: An emerging markets perspective’. The
report provides insight into the importance of nurturing
innovation in the field of science, examining common barriers to
innovation, the role of government support in nurturing the industry and
a look ahead at which facets of the science industry have the most
growth potential. The research is focused on successful
international strategies for innovation in the life science industry
and concludes with recommendations that emerging markets, such as the
UAE, can undertake to facilitate their own development.
The report will be launched at an event hosted by Dubai Science Park on 26th October at the Armani Ballroom, Dubai.
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