Image used for illustrative purpose only.

Staff Reporter, Gulf Today

Recognising that women are a vital driving force of the economy, the Sharjah Research, Technology, and Innovation Park (SRTI Park) has launched a special package for women entrepreneurs and innovators to register their company at the region’s fastest growing innovation park.

 For only Dhs750 a month, women entrepreneurs can scale up their business or register their start-ups at SRTI Park and enjoy the perks of industry-specific support system.  

 SRTI Park ecosystem is thriving with Industry 4.0 success stories and has fostered the launch of the ventures within the Industry 4.0 space. In addition, the park also has Sharjah Open Innovation Lab, a rapid prototyping makerspace for the business community to build their capacity. SRTI Park also has access to the academic resources of 22 educational institutions and markets across the world as well as strong local and regional government support.

Hussain Al Mahmoudi, CEO of SRTI Park, said: “At SRTI Park, we recognise the enormous and vital contributions of women in any economy. We have launched a special package to help them register their businesses and start-ups. This offer enables women to obtain company registration and license to engage in entrepreneurial activities and enter the business world for a small fee.”

The package (Dhs750 a month) includes company registration and license fees, documentation charges, as well as benefits such as unlimited access to innovation lounge, invites to networking events, business support services and other features SRTI Park offers to its investors.

Al Mahmoudi noted: “This generous offer is a clear manifestation of our commitment to encourage women to engage in various fields of business and technology. We strongly support research and development and turn them into opportunities that will greatly benefit the nation as we help women-innovators reach their ambitions.”

Benefits of setting up an office at SRTI Park include assistance in new company formation same day licensing service, having a business license with two activities. There is also an option to have two shareholders plus the flexibility to upgrade.

It is 100% tax free and allows 100% foreign ownership with 100% repatriation of profits. Bank account opening can be accomplished in less than a week, with award winning business concierge as well as friendly and uncomplicated service.

SRTI Park is a very conducive and safe working environment with free parking for everyone and award winning designed office environment. The park also provides support with government approvals and access to state-of-the-art lounges and meeting facilities as well as access to networking events.

Start-ups can have access to the prestigious Sharjah Open Innovation Labs and assured of enjoying world-class infrastructure at their fingertips.  

SRTI Park focuses on several research areas, including Water Technology; Digitisation; Transport and Logistics; Environmental Technology; Renewable Technology; Production, Design and Architecture.  

Women innovators and entrepreneurs can contact SRTI Park at +971 56 684 1555 to register and know more details.

The aim of SRTI Park is to provide an environment that nurtures creativity and innovation by creating an attractive, sustainable park with world-class infrastructure and services. The Park supports, promotes, and develops innovation within the UAE and enhances the Emirate’s status as a global destination in the fields of research and technology.

Meanwhile, according to the statistical report of the first half of 2021 regarding the real estate transactions issued by Sharjah Real Estate Registration Department, Sharjah’s real estate sector has achieved a total value of transactions worth AED 12.2 billion with a total number of 40,346 transactions, marking a 40.5% increase in total transactions for the first half of this year compared to the same period last year.

Moreover, the total area covered in sales transactions was 75.2 million square feet.

The results showed an increase in the total value of transactions by 96.1% in comparison to the same period in 2020, and that is due to the return of business after the relative decline of the “Covid-19” pandemic. The economic facilitations and incentives launched by the Executive Board in November 2020 increased investors’ confidence in the real estate market in Sharjah. In addition, February has witnessed a major real estate acquisition worth Dhs 690 million between real estate developers operating in Sharjah for establishing a luxurious residential project. This acquisition is a sign on the recovery of the real estate sector in Sharjah.