Sharjah24: His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree No. (39) of 2020 amending Emiri Decree No. (38) of 2016 regarding the establishment of the Sharjah Research Technology and Innovation Park (SRTI Park), “Free Zone Authority”.
The Decree stipulated that the text of Article No. (2) of the Emiri Decree No. (38) of 2016 regarding the establishment of Sharjah Research Technology and Innovation Park (SRTI Park), “Free Zone Authority” and its amendments shall be replaced by the following text: A free zone shall be established in the emirate according to this Decree, called: Sharjah Research, Technology and Innovation Park "Free Zone Authority".
Upon the new Emiri Decree, the Sharjah Research Technology and Innovation Park is wholly owned by the American University of Sharjah, and shall enjoy the legal personality and the full legal capacity necessary to achieve its objectives. It shall also enjoy financial and administrative independence, and its geographical location and borders are determined by a decision issued by the Ruler of Sharjah.
The Decree shall be effective from the date of its issuance and other competent authorities should implement its provisions, and shall be published in the Official Gazette.
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