HH Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a royal decree amending the rule with regard to the establishment of the Sharjah Research Technology and Innovation Park (SRTI Park).

 

The decree stipulated that a free zone shall be established in the emirate called the Sharjah Research, Technology and Innovation Park Free Zone Authority, reported state news agency Wam.

 

As per the decree, the SRTI Park is wholly-owned by the American University of Sharjah and will enjoy the legal personality and the full legal capacity necessary to achieve its objectives.

 

It will also enjoy financial and administrative independence, and its geographical location and borders are determined by a decision issued by the Ruler of Sharjah, the report added.