The Sharjah Research Technology and Innovation Park (SRTI Park) launched the MEA Energy Innovation Hub , which is supported by the United Arab Emirates’ (UAE) Ministry of Energy and Infrastructure, according to Emirates News Agency (WAM).

In a bid to create opportunities in the energy, low carbon, and oil and gas sectors, the hub will increase technology ventures through initiatives such as accelerators and collaboration programs.

The hub is also expected to be a regional gateway to innovation and business development to improve human capital and to promote triple-helix engagement among the government and private industries and academia.

Meanwhile, the hub will attract small and medium-sized enterprises (SME) and corporate investors, as well as research and development (R&D) funding.

The virtual meeting was attended by Suhail bin Mohammed Al Marzouei, Minister of Energy and Infrastructure, Hussain Al Mahmoudi, Ceo of SRTI Park  along with senior Emirati officials, CEOs, and the energy industry leaders.

On this occasion, Al Mazrouei, said “the priority in the agenda of the UAE Government is creating a prosperous future for later generations and consolidating global leadership and competitiveness of the UAE. Investing in innovation, such as the hub, will create more opportunities in the energy, low carbon, and oil and gas sectors.”

For his part, Al Mahmoudi said that “the hub is planned to have milestones and activities that will offer the greatest impact on the sector.”

It is worth noting that SRTI Park is collaborating with the Spanish innovation consultancy, Barrabés.biz, in building the hub, to engage stakeholders to conduct their business efficiently.