TechnoPark attracts global interest at the Chem Middle East 2008
TechnoPark, the science and technology facilitator of Economic Zones World generated considerable interest among visitors, at the recently held Chem Middle East 2008 exhibition, Middle East’s exclusive trade event for the Chemical, Petrochemical, Chemical Process Technology, Corrosion Control and Management Industries.
The three-day exhibition featured major companies from 24 countries in the fields of Chemicals, Petrochemicals & Process Technology and shed light on the trends and growth of the multi-billion dollar Market.
The projected growth of the Middle East Petrochemical Industry currently stands at 15 percent per annum. This growth is primarily visible in gas-based petrochemicals like methanol and ethylene.
The UAE is investing heavily in its petrochemical industry, and will see capacity increase threefold, opening up new opportunities in the downstream and end-use processing sector.
TechnoPark, the principal technology park in the Middle East, is currently focused on research, development and studies in the field of the country's core economic sectors viz. energy, desalination and water resource management, environmental resource management and technology-driven knowledge-based industrial development.
Abdalla Al Banna, Vice President, Sales and Marketing, TechnoPark, said, “As the only full-fledged functional technology incubator in the Arab World, TechnoPark is dedicated to promoting research and development of the country’s core sectors. We are positioned to nurture innovation-led ideas that translate into viable business solutions by providing the right infrastructure, facilities and synergies required to make this happen. The exhibition provided us an excellent platform to share our experience with visitors and highlight the importance of professionally-governed science parks for future progress in the region.”
As one the official speakers in the seminar, Mohamad Ibrahim, Assistant Sales Manager of TechnoPark, presented the delegates a detailed account of TechnoPark’s concept of creating clusters of high-tech industries and R&D activity bases in the energy sector.
Chem Middle East was held under the patronage of Department of Economic Development. International Expo-Consults LLC, one of the leading trade exhibition organizers in the Middle East, is the technical organizer of the event.
