Qatar’s new Science and Technology Park (STP) is a key initiative of the Qatar Foundation in its drive to diversify the economy, create highly skilled jobs and to establish Qatar as a knowledge economy in the Middle East.

Qatar is championing industry-based research and development, and is investing deeply in education and science. The STP will not only be a world-class environment for companies to develop their technology but also a business incubator to help technology start-ups.

Companies are being attracted by free-trade zone incentives and full ownership rights, as well as links with the four US universities incorporated within Qatar Foundation, plus a planned billion-dollar teaching and research hospital and convention centre adjacent.

The STP is designed to link the research efforts of these institutes with industry, and to provide jobs for their growing pipeline of students. International tenants of Qatar Science and Technology Park include EADS, ExxonMobil, GE, Microsoft, Rolls-Royce, Shell and Total.