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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          • Agriculture
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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
            • Finance
            • Industry
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            • Transport & Logistics
            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Start-up culture on the rise in Qatar

              OBG

              June 26, 2016
              in Economy, IT & Telecom
              0
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              With an expanded space and a growing portfolio of programs, the Qatar Science and Technology Park (QSTP) is an established fixture in Qatar’s burgeoning start-up culture.

              Since its inauguration in 2009, QSTP has secured a strong reputation for nurturing new, high-tech businesses, while also supporting research and development (R&D) for more established companies. The park has already attracted resident companies such as Shell, Total, GE, Siemens, SAP, Microsoft and Mitsubishi, among others.

              QSTP is currently undergoing expansion, both in infrastructure and in the take-up and range of entrepreneurial programs. By encouraging new private sector investment in higher value-added enterprises, QSTP’s initiatives dovetail with Qatar’s current economic diversification drive.

              Enter Tech 4
              Currently, the park has four buildings – Tech 1 and Tech 2 – as well as an Innovation Centre and a GE single-user building. Together the structures hold 34 tenants, representing an 83% occupancy rate. Since the start of 2015, four new companies have opened offices at the park, Spain’s Iberdrola as well and three new local start-ups – Modus, Girnaas and Vetosis.

              The two tech buildings are designed for medium and large-sized companies, with spaces available in increments of 500 sq meters. The Innovation Centre, meanwhile, caters to smaller entities, providing a business incubator for start-ups.

              Due to high occupancy rates and sustained demand, expansion is under way with a new building – Tech 4 – scheduled for completion in January 2017.

              “The new Tech 4 building will differ from Tech 1 and Tech 2 in that it is designed to hold heavy machinery and handle high vibrations,” Hamad Mohammed Al Kuwari, managing director at QSTP, told OBG. “It will primarily cater to local and international energy and environmental clients.”

              The Tech 4 building will be 6000 sq meters in size, divided into 12 spaces each designated for one company, with the ground floor made up of workshops and a top floor devoted to office space.

              Additional land has been designated for a Tech 3 building although no development plans are currently underway.

              Incubating start-ups
              The QTSP’s Accelerator Programme, which is designed to facilitate and support lean start-ups, saw a steep increase in applicants from 27 when the program launched last year to 103 applicants during its most recent intake in February this year.

              The Accelerator Programme runs in three-month sessions, taking 15 successful applicants per cohort and offering a $100,000 grant to each team accepted.

              At the end of the three-month period, each team presents a five-minute pitch during “Demo Day”, after which teams may advance to the Incubation Programme, go straight to commercialization or withdraw.

              Launched in the first quarter of this year, the Incubation Programme offers a minimum two-year incubation period for start-ups, along with several key benefits.

              For example, program participants will be able to set up a limited liability company under QSTP for QR5000 ($1370) as well as have access to subsidized office space, financial services and an engagement program designed to integrate new start-ups with existing tenants, according to Al Kuwari.

              The programs are flexible with private sector entities and individuals able to enter at any stage. “There isn’t just one track to follow – entry is based on evaluation of the status of the technology and its readiness,” Al Kuwari told OBG.
               
              Promoting synergy
              In addition to the various programs and incentives offered to start-ups, the park’s tax free zone status is also favorable for established companies looking to benefit from lower costs, while maintaining high-grade infrastructure for facilities.

              In order to leverage the diversity of tenants present at the site, QSTP is keen to encourage collaboration between the start-ups and established companies at the park as well as with the broader community.

              One way in which this is facilitated is via “Business connect”, a one-day, campus-wide meeting of businesses, start-ups and QSTP management to exchange ideas and experiences. The park is also working closely with Qatar University to encourage students to take an interest in entrepreneurship and start-up culture.

              With its current portfolio and strategy, the year ahead will likely see further growth at QSTP, particularly as Qatar looks to technology companies and start-ups to diversify the economy.
              Oxford Business Group
              26 June

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