| 14 Apr 2010 |
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Dubai Silicon Oasis to Host 7th Investing in Technology Forum
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Organized in Collaboration with Arab Science and Technology Foundation
Dubai: 14 April, 2010 - Dubai Silicon OasisDubai Silicon Oasis
(DSODSO), the region's leading integrated free zone technology park, today announced it will host the 7th edition of the Investing in Technology Forum (IITF), in collaboration with the Arab Science and Technology FoundationArab Science and Technology Foundation (ASTFASTF).To be held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman Dubai Airports, President Dubai Civil Aviation Authority, Chairman and CEO Emirates Airline and Group, and Chairman of Dubai Silicon Oasis Authority (DSOA), the forum will be held under the theme "Establishing a Regional Integrated System for Innovation" from 11-13 May at Le Royal Méridien Beach Resort, Dubai.
Dr. Mohammed Al Zarouni - Vice Chairman and CEO of DSOA, said: "Dubai Silicon OasisDubai Silicon Oasis initiates and organizes activities and events that enhance Dubai's position as a regional and global technology hub."
"In hosting this annual forum organized by the Arab Science and Technology FoundationArab Science and Technology Foundation, DSODSO has successfully added a significant event to the calendar of activities and forums held in Dubai and highlighted its dynamic role in attracting investments in the technology sector to Dubai and the region."
More than 150 business and investors, delegates from major technology companies and emerging businesses, as well as representatives of venture capital funds and other participants will present their achievements and explore investment opportunities offered by participating angel investors and venture capitalists.
Dr. Abdullah Abdul Aziz Al Najjar, President of ASTFASTF, said: "We thank His Highness Sheikh Ahmed bin Saeed for his kind gesture. It is only natural for Dubai to host the regional forum with the UAE increasingly being regarded as a role model for building a knowledge economy that is based on scientific research and technological innovation.
"We would like to extend an invitation to all companies, investors, businessmen and innovators to participate in this unique regional event for promoting promising initiatives and technology projects. The previous six forums have resulted in nearly 63 start-up companies receiving a financial backing of over US$15 million, investment in 22 companies and the production of seven patents."
The earlier editions of the forum have taken place in Egypt, Lebanon, Saudi Arabia, Bahrain, Kuwait and Jordan, and have brought together more than 750 researchers and investors, 180 organizations and over 100 speakers from 34 different countries.
Dr. Wissam Al Rabadi, Supervisor of the 7th Investing in Technology Forum and Director of the Arab Foundation for Science and Technology Office in Jordan, said: "The forum comes to Dubai at a vital time, when the global economy is indicating healthy signs of recovery following the financial crisis. We have perceived a keen interest amongst entities that wish to support the event.
"The role of governments, academic institutions and civil society organizations in establishing system integrated regional innovation, and the role of multinational companies in leading the innovation process and technological development, as well as the importance of recruiting venture capital to invest in innovative ideas in the region highlighting stories of success in this area are some of the key subjects that will be addressed at this forum."
For more information on the forum, please visit: http://forum.astf.net.
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About Dubai Silicon OasisDubai Silicon Oasis:
Dubai Silicon Oasis Authority (DSOA), a 100% owned entity by the Government of Dubai is a free zone, strategically placed on the Emirates road. DSOA's urban master-planned community spans 7.2 square kilometers of state of the art office towers, R&D and industrial zones, educational institutions, luxury apartments, villas, hotels, healthcare and a full range of lifestyle facilities which translate into a dynamic commercial and social environment. Businesses can flourish under the unrivalled package of incentives, including 100% ownership, and high end IT infrastructure that allows companies to begin operating immediately.
For further information, please contact:
Mazen El Dirany
Dubai Silicon OasisDubai Silicon Oasis Authority
Associate Manager - Corporate Communications
Tel: (+971 4) 5015102
GSM: (+971 50) 2266956
Fax: (+971 4) 5015200
Email: meldirany@dso.ae
© Press Release 2010
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