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The Sharjah Research, Technology, and Innovation Park Free Zone aims to enhance the innovation, research and development ecosystem by including special free zones. It aims to support research start-ups and technologists in testing their products and services effectively. The SRTIP Freezone aims to support entrepreneurs in achieving sustainability. The free zone will act as a base for all research and development activities and as a testing ground for future technologies.
The goal is to attract companies looking to expand in the Middle East and Eastern Europe region, with a particular focus on renewable energy, the environment, mobility and smart cities, digitalization, architecture/industrial 4.0, and life sciences. SRTIP has successfully positioned itself as a key innovation hub for access to public and private projects in the UAE and for networking with key stakeholders for access to Middle East ecosystems.
Phase 1 of SRTIP consists of three interconnected buildings covering an area of 60,000 square feet. It consists of laboratories, head offices, innovation centres and various SMEs, start-ups and news companies working on innovation, research and development projects. Some of the facilities offered by SRTIP to investors are:
SRTIP Freezone offers customized workplace options such as Flexi desk, CEO workplace, co-working space and Shell and Core for all companies.
SRTIP Freezone has dedicated laboratories for various segments of industry and education including technology, healthcare, substances, etc. It also provides in-house testing services for the R&D industry.
At SRTIP Freezone, the land is offered for lease for the construction of workplaces, schools, laboratories, research and development units, retail shops and test units.
SRTIP Freezone has significant commercial space for food and beverage services. Provide shopping and recreation areas for employees, students and guests.
It has a large innovation centre that can be used in collaboration with park authorities. The Freezone also offers meeting rooms, halls, informal meeting places and workplace accommodations of a high world standard.
Since companies incorporated in the UAE Free Zone are not allowed to do business directly on the mainland, Free Zone companies can expand their business in the continental UAE while operating outside the Free Zone offices. This allows the company to reduce operational costs such as: renting office space on the mainland or acquiring local sponsors. SRTIP Freezone offers its business units the possibility of dual licensing.
The three essential steps include -
Over the years Sharjah has grown to become a leading industrial centre as well as a business and educational capital. This diversity of strengths is the ideal equation for collaboration between academia, the private and public sectors to grow knowledge-intensive businesses and generate long-term sustainable income for the emirate. The creation of the SRTIP freezone is another benefit of Emirates' long-term development.
Starting a new business at SRTIP Freezone can be both overwhelming and exciting. At MAD Middle East, business setup consultants can simplify the whole process. From starting a business to office space, we have it all. Call us or contact our consultants for more information.
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