TechnoPark partners with South Korean Daejeon Techno Park  

Dubai, UAE, 18th November, 2008 [ME NewsWire]: Close on the heels of the recent collaboration with South Korean research and development district Daedeok Innopolis, TechnoPark, the science and technology facilitator of Economics Zones World, a Dubai World company,  has recently signed a Memorandum of Understanding with one of South Korea’s leading technological institutions, Daejeon TechnoPark located in the Metropolitan city of Daejeon.

The agreement, signed by Dr. Samir Hamrouni, Senior Advisor, TechnoPark and Lee Jin Ok, President, Daejeon TechnoPark, will facilitate exchange of science, technology and cooperation in information technology, bio-technology and new and renewable energy between the two parties.

Under the agreement, the two parties will work together to promote joint projects, international research internships and cooperative networking among research institutes and businesses in both areas.

They will also exchange management know-how and facilitate exchange programs in technology development, business promotion, education of technicians and workforce exchanges in IT, BT and new and renewable energy.

Commenting on the importance of the agreement, Dr. Samir Hamrouni said: “In this century knowledge-intensive, high- technology industries are the most significant and strategic industries for the continued existence and growth of businesses and nations alike. South Korea has embraced this ideology to nurture these industries. Daejeon Technopark is well respected in the international scientific community and we hope to greatly learn from their model. Our partnership will open up further global opportunities for investment, collaboration and research and development for both TechnoPark and Daejeon-based companies.” Daejeon Technopark plays a vital role in activating the Korean economy by finding and fostering new industrial growth engines.

There are 232 research and educational institutions to be found in Daejeon, many in the Daedeok region, the most famous of which are the Electronic Telecommunications Research Institute (ETRI) and Korean Aerospace Research Institute (KARI). There were over 5,000 researchers with doctorate degrees located in the area as of 2007.

About TechnoPark:
TechnoPark is a fully owned subsidiary of Economic Zones World. It symbolizes Dubai's vision to develop a knowledge-based technology-centric 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 initiatives focus on nurturing business ideas or new technologies in the various fields, which could be quickly translated into real-world industrial / business operations.

TechnoPark's Research and Development initiatives are also directed at improving the existing technologies in the country's core economic sectors to enhance production efficiencies.