Formation of startups and new companies
Commercial exploitation of science, technology, and novelty
System of laws, regulations, strategies, and funding priorities
Discovery and creation of new knowledge of the natural world
Technological Advancements in the world.
Published in SciDev.Net on 3 October 2007
The rapid growth of technology parks in the Arab world has so far created more expectations than outcomes, reports Waleed Al-Shobakky.
Over the past few years, technology parks have been sprouting up all over the Middle East: from Egypt, Morocco and Tunisia in the north, to Kuwait, Oman and Qatar in the east.
Recognising that their natural resources, particularly oil, are being fast depleted, and looking to emulate the success stories of technology parks in Asia, Europe and North America in creating jobs and successful businesses, countries like Turkey and the United Arab Emirates have constructed as many as seven or eight parks.