QSTP Strengthens Partnership With Iberdrola Innovation Middl...| MENAFN.COM

Friday, 30 September 2022 05:51 GMT

QSTP Strengthens Partnership With Iberdrola Innovation Middle East


(MENAFN- Gulf Times)

Qatar Science & Technology Park (QSTP) has further expanded its partnership with Iberdrola Innovation Middle East through an agreement to increase the volume and range of Iberdrola's research, development and innovation-based activities, as well as the size of its footprint at QSTP.
Iberdrola, a QSTP member since 2016, aims to define the 'digital utility' by developing innovative digital solutions for renewable energy integration, smart grids, and energy efficiency and conservation. The company runs strong co-operation programmes within Qatar's innovation ecosystem and has signed co-development agreements with a number of innovation and energy industry players.
Yosouf al-Salehi, QSTP executive director, and Santiago Banales, managing director of Iberdrola Innovation Middle East, signed the partnership in the presence of Sheikh Ali Alwaleed al-Thani, CEO of Investment Promotion Agency Qatar (IPA Qatar), and Spanish ambassador Javier Carbajosa Sanchez.
Earlier this year, Spanish company Iberdrola and IPA Qatar partnered to promote the energy company's leading innovation centre with the aim of advancing the digitalisation of the global electricity sector.
The agreement, which was signed in Madrid during the visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to Spain, will enable Iberdrola to expand its activities at QSTP aimed at advancing digital utility in Qatar. The hub, currently located in QSTP, tackles the technology challenges related to innovation and digitalisation of the electrical grid by developing solutions in smart grids, renewable energy integration, and energy efficiency.
The expansion of Iberdrola's activities at QSTP will enable the company to further strengthen its commitment in aligning its initiatives with the needs of the local market, and in co-operating with companies and training centres to boost local talent. To do this, it will focus on promoting skills development and run dedicated training programmes, as well as sharing intellectual property rights with local educational and industrial institutions.
Al-Salehi said,“QSTP's partnerships with established multinational companies, such as Iberdrola, that operate in our park and free zone mean that these organisations can become active stakeholders in Qatar's economic transformation, boost the national economy, and provide solutions for specific economic challenges.
“With energy as one of QSTP's overarching themes, our developing partnership with Iberdrola is a key contributor to how we are creating a collaborative and dynamic environment within Qatar to realise the national drive towards economic diversification and sustainability.”
Banales said,“Since our incorporation at QSTP in 2016, Iberdrola Innovation ME has left its mark in the deployment of smart grids across the Middle East and has made significant contributions to the global development of the digital utility.
“In this new phase of growth and expansion of our footprint at QSTP, we intend to widen our global impact, while increasing our already successful co-operation with Qatar's innovation ecosystem.”
Iberdrola is one of the many international technology companies and research centres based at QSTP, a member of Qatar Foundation (QF), and benefits from key membership incentives, such as quick and easy company formation, 100% foreign ownership, tax exemptions, state-of-the-art offices, networking opportunities, access to highly-skilled talents at Education City, partnerships and collaborations with research institutes and top international universities, and a range of other support services to positively impact its business operations in Qatar.

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