MoUs signed

On the sidelines of the fourth edition of the Sharjah FDI Forum, two memorandums of understanding (MoU)s were signed to promote investments in Sharjah.

The first MoU was between Invest in Sharjah and the World Association of Investment Promotion Agencies (WAIPA), which will result in the two entities collaborating and supporting each other’s activities.

The second MoU was between Sharjah Research Technology & Innovation Park (SRTI) and Republic of Korea’s Daejeon Information & Culture Industry Promotion Agency (DICA). Both parties seek to establish a Korean Technology Licence Office (TLO) — a Sharjah-Korea Technology Commercialisation Center — that will facilitate the transfer of various industrial original technologies of the Republic of Korea to Sharjah, which will be evaluated and patented by the emirate based on their feasibility.