Knowledge Center

A STATE OF THE ART GLOBAL BUSINESS HUB

About DSP

Founded in 2005, Dubai Science Park (DSP) is a vibrant, holistic, science-focused community, dedicated to supporting entrepreneurs, SMEs and MNEs. Since its inception, the community has grown to more than 350 companies, employing over 3,600 professionals in the sciences, energy and environmental sectors. Designed specifically for the needs of businesses and professionals who work in sciences, DSP fosters an ecosystem that supports scientific research, creativity and innovation. It strives to be Dubai’s most innovative and vibrant community for all segments of the science sector and a place where corporates and residents can work, live and flourish.

Its collaborative environment engages leaders in science, research, academia, and business to understand and set industry trends which tackle relevant and current societal and economic issues. With a prime location in Dubai, the science park provides businesses with easy access to key transportation networks.

Supporting Local Growth

Dubai Science Park aims to play a significant role in Dubai’s Vision 2021 by facilitating a more sustainable and self-sufficient future that maximises the use of local resources and talent. DSP will achieve this by supporting innovation in the sciences by helping companies utilise cutting-edge technology and information to foster growth and change in the areas of human science, plant science, material science, environmental science and energy science.

In 2018, DSP made significant progress towards delivering its mission, which seeks to grow the local science sector by enhancing the ease of doing business within its community. DSP welcomed new business partners, with key inaugurations including BASF, a German construction chemicals firm and the largest chemical producer in the world; Biocad, a leading Russian biotechnology company; and inui Health, an American digital tech company based in Silicon Valley. Most recently, Pharmax Pharmaceuticals, a GMP-licensed international manufacturer and distributor of medications, became the first pharmaceutical manufacturing company to join DSP’s growing community.

DSP nurtures entrepreneurs in the science fields through a fast and easy setup model that allows them to kick-start their projects and innovate. It also helps bridge the gap between academia and businesses, supporting career development within the field of science for students in the UAE. DSP raises awareness about the science industry within the society to increase its appeal and attractiveness among youth and talent.

Enhancing the Ease of Doing Business

DSP is the region’s first science focused community that caters to the pharmaceuticals, food and agriculture, diagnostics and analysis, as well as energy and environment sectors (among others). It is evolving as a hub for companies in the field of human science, plant science, material science, environmental science and energy science.

With nearly 90 per cent of pharmaceuticals in the UAE being imported, Dubai Science Park’s 360-degree approach to enhancing the ease of doing business aims to both attract key organisations from abroad looking to access business opportunities across the region as well as foster local enterprise growth. Ultimately, by developing the local market, DSP looks to create an environment that enables the emirate to reduce its dependency on imports.

The science park is designed specifically for the needs of businesses and professionals in the science sector. Its robust infrastructure combines office space, laboratories and warehousing facilities for businesses to flourish and features a state-of-the-art, plug and play, Laboratory Complex, that meets the highest international environmental standards.

DSP also hosts strategic networking events where business partners and stakeholders were given the unique opportunity to meet with experts and analysts from across the science sectors. This facilitates synergies within the community through connecting businesses operating in the science sector.

Positioning Dubai as a Hub

DSP is strengthening the position of Dubai as a destination for science companies, R&D, manufacturing and prototyping activities in a conducive environment that facilitates business growth.

DSP plays an integral role in actualising Dubai Industrial Strategy 2030 and developing the UAE’s innovation-led economy through the development of a thriving business hub in which scientific companies can innovate, thrive and grow.

Digital technologies are leading to many of the wellentrenched businesses losing their market share rapidly  to new and nimble players emerging with innovative business models. The threat from new digital startups will continue to grow as digital technology keeps evolving.  Digital technologies also, however, provide the incumbent  businesses endless opportunity to expand the scope of  their business, come with newer operating models and  provides them to leverage existing platform or build a new  business platform for themselves, their clients and even their  competitors.

Data is the new oil of the world. The business inputs that can be derived from the data points and acting upon it makes or breaks a company in today’s world. It has become a reality that technology has taken over the mundane tasks that has had the brilliant human minds at stake. The impact of Artificial Intelligence on our lives both professionally and personally cannot be ignored or avoided.

Technological Innovations have been the fundamental drivers for economic growth for more than 150 years. The most important of these are what economists call generalpurpose technologies like steam engine, electricity, engines run on petroleum variants, etc.

• Complete exemption from import and export tax
• Possibility for complete foreign ownership of the company
• No corporate tax for up to 50 years
• Exemption from personal income taxes
• Possible to repatriate the entire capital and profits
• Support services like assistance with hiring, sponsorship, housing, and so on.

• Legal issues relating to the business structure
• Finding the appropriate location for the new venture
• The preparation and submission of the requisite documents
• Liaising with the authorities to obtain the requisite approvals and certificates
• Visa, immigration and labor card support services
• License renewal reminders and liaising with authorities for the same
• Provision of secretarial services for the new company

• Accountancy, analysis, financial consultancy, taxation, corporate finance, property and HR consultancy
• Turnkey solutions for clients requirements
• In-depth knowledge of the Middle East market especially the UAE, and regulations connected with company registration in the region