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Dubai Technopark in Dubai
Dubai TechnoPark is Economic Zones
Technopark in Dubai Emirates Free Zone Dubai Technopark Technopark Dubai

 

TechnoPark is Economic Zones World’s research and development driven business and industrial park (TechnoPark is an Economic Zone). It symbolizes Dubai's vision to develop a knowledge-based sustainable business hub, which will not only support the country's research and development needs in core sectors, but will also support the nation's long term economic development and growth.

TechnoPark is focused on Research, Development and Studies in core economic sectors, including Energy, Desalination and Water Resources Management, Environmental Resource Management and technology driven, knowledge-based industrial development.

TechnoPark's R&D initiative ‘Dubai Institute of Technology’ focuses on nurturing business ideas or new technologies in various fields, which could be quickly translated into real-world industrial operations. The Park's Research and Development initiative is also directed at improving the existing technologies in the country's core economic sectors to enhance production efficiencies.

TechnoPark was established under an Emiri Decree in the year 2002. The first phase of the project is complete and fully leased out. It is at present home to 112 companies that include some of the world’s most prestigious names such as “Nestle”, “Baker Hughes”, “Metito”, “Cedar” and more.

Strategic location and planning

TechnoPark, located to the west of Jafza (Jebel Ali Free Zone), is being built on an area of 21 million square meters of land.

The second phase of the project was launched on June 27, 2008 and is progressing as per schedule. The Phase II development of TechnoPark is being built across 17.7 million sq meters. Termed “Technopolis”, the development is meticulously designed to position TechnoPark as the hub for cutting edge science, technology and high-tech industries, with a distinct identity and a strong sense of place.

The Technopolis comprises of three main clusters that complement each other: an R&D complex that will have laboratories and incubator facilities for emerging sector;, an academic campus that will be home to universities specializing in technology related educational streams; and an Industrial area that will be home to high tech industries in water, oil & gas and other strategic sectors, as well as, support services including logistics and warehousing facilities, commercial offices, business centers, banks, hotels, convention halls, retail outlets etc.. The Technopolis will also have Business Acceleration Centers to help commercialize and industrialize all new innovations. It will also have residential zones with spacious walkways, water bodies, parks and other leisure areas. The New Master Plan has three mixed residential (bachelor status) and retail facilities to support the Techno Park development. These facilities are situated at three locations within the Technology Corridor and Industrial Zones of the site.

When fully developed, Technopolis is projected to have a resident population of about 60,000 people and a combined workforce of up to 133,000.

TechnoPark’s uses the concept of “One Stop Shop” as its key offering. Through this initiative the park offers its clients all the services right from immigration, health card issuance, telephone and communication set-up services to vehicle registration, driving licence related services etc. under one roof.

Approximately 30% of the TechnoPark development is made-up of open space including landscaping for roads and utility rights of way.

There are seven main access points to the project site. The main roads that will provide key accesses to TechnoPark are Sheikh Zayed Road and Emirates Road. The other access points are provided through the two parallel roads. The park will be linked to the adjacent water front development through a tunnel that runs below the major arterial between the Techno Park and the Water Front developments. The TechnoPark’s internal road network will include two parallel roads which will connect TechnoPark with Jafza South and water front; a major east-west arterial road connecting the internal network to Sheikh Zayed Road and Emirates Road.

Value Added Services

TechnoPark provides a series of value-added programmes through which customers can enhance their businesses. These services include:

Advisory and updating: TechnoPark assists its customers in setting up a business and selecting desirable sites or locations for their venture. It also helps them to determine operational requirements and, additionally, keeps them updated on various developments in their specialized business sector.

Business Matching: this service helps companies leverage opportunities of joint ventures and other mutually beneficial partnerships in the local and international market.

TechnoPark Incentives and Cost Effective Solutions:

TechnoPark offers following incentives to its customers to enable them to do business with greater ease and profitability.

Advantages
100%Foreign ownership
0% Corporate tax for a period of 50 years, a concession that is renewable.
Transfer of any capital as required
0% Import or Re-export duties
0% Personal income tax
No currency restrictions
No restriction on hiring foreign employees
Access to abundant energy, making it cost-effective for clients to conduct uninterrupted manufacturing operations

 

 

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