Dubai Biotechnology & Research Park (DuBiotech) and the Energy and Environment Park (EnPark) will jointly operate as Dubai Science Park (DSP) as part of TECOM Group's bid to drive innovation in the emirate.
The move is a reflection of TECOM Group's overall strategy to operate and develop innovative communities, aimed at enabling business success, the company said in a statement.
It added that Dubai Science Park will continue to support both SMEs and global firms looking for a regional base for their Middle East operations.
"The newly formed Life Science, New Energy and Environment business community, Dubai Science Park is the realisation of a continued commitment to respond to the evolving needs of the industry, allowing for increased collaboration and innovation," the statement said.
DuBiotech was established in 2005 to support the Government of Dubai's vision to transform the emirate into a knowledge-based economy and develop the region's life science sector, and its talent pool.
Since its launch, DuBiotech has grown into a community of over 230 business partners including global industry players Pfizer, Amgen, Bristol-Myers Squibb, Maquet, Firmenich and IFF.
Its sister park, EnPark, which was founded in 2007, has been at the forefront of development in green energy, conservation and R&D.
Marwan Abdulaziz, executive director, Dubai Science Park said: "DuBiotech and EnPark have been successful business communities for many years. However, as they have evolved, we have seen the opportunity to further drive growth and development and as such, we have combined the entities to achieve greater innovations and serve the wider business community.
"The new brand, Dubai Science Park, in partnership with more than 280 business partners, is focused on achieving our vision of becoming the most innovative and vibrant science community in the Middle East - a place where employees and their families can work, live and flourish."For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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