• HSBC

Qatar to become center of medical research in the Middle East

The Scientific Medical Applied Research & Development (SMARD) company announced its launch as Qatar's first biotechnology and medical research company, becoming a member of Qatar Science & Technology Park (QSTP).

SMARD will develop diagnostic tools and treatments for diseases, especially those that particularly affect Middle East and North Africa populations.

"SMARD will put Qatar on the international map of medical research and bring European expertise to our country," said Mr. Mohamed Al Hamed Al Marwani, Chairman and shareholder of SMARD.

"An investment of several million dollars in the research and development will be aimed at treating chronic diseases, including diabetes and other long term diseases induced by disturbances of the immune system."

SMARD is a subsidiary of the German companies KMG AG and iSIMA, which have close relations with universities in Tuebingen and others clinics and universities in Germany and Austria. It is expanding collaborations to universities in the Middle East with Cairo University and Menoufeya University in Egypt, as well as other international hospitals and R&D institutes.

"In Qatar, SMARD aims to work with the National Health Authority and Sidra Medical & Research Centre, and further the existing collaboration with Qatar University," continued Mr. Al Marwani.

Professor Dr. Hans Werner Heinrich, a SMARD project leader, said: "We have been working with universities and hospitals in Europe to find new ways of fighting inflammatory diseases. With Qatar's investment in the Science & Technology Park, it is the perfect opportunity to further our research in the Middle East."

Qatar Science & Technology Park is part of the Qatar Foundation, founded by H.H Sheikh Hamad Bin Khalifa Al-Thani, Emir of Qatar, and chaired by his wife H.H Sheikha Mozah Bint Nasser Al-Missned. QSTP's purpose is to grow Qatar's knowledge economy, by attracting companies and entrepreneurs from around the world to develop and commercialise their technology in Qatar.

Dr. Eulian Roberts, Managing Director of Qatar Science & Technology Park, added: "Qatar has already made great strides in growing its knowledge economy in areas like energy, the environment and IT. SMARD coming to the science park is important because it signifies our expansion into health sciences as well. They are a cutting-edge biomedical company and we warmly welcome their partnership."
Mr. Mohamed Al Hamed Al Marwani, Chairman and shareholder of SMARD and Dr. Eulian Roberts, Managing Director of Qatar Science & Technology Park. 
Mr. Mohamed Al Hamed Al Marwani, Chairman and shareholder of SMARD and Dr. Eulian Roberts, Managing Director of Qatar Science & Technology Park.
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Qatar Science & Technology Park
Qatar Science & Technology Park fosters the development and commercialisation of technology in Qatar, a rising star in the Arabian Gulf with the world's third largest gas reserves and a remarkable vision for human development. As part of the renowned Qatar Foundation, founded by the country's Emir, the science park is co-located with campuses of Carnegie Mellon, Texas A&M, Weill Cornell and other premier universities. It provides research-friendly premises for companies from around the world, plus an incubator and investment for technology start-ups. Already EADS, ExxonMobil, GE, Microsoft, Rolls-Royce, Shell and Total have joined Qatar Science & Technology Park, and its first phase of buildings opens mid 2008.
www.qstp.org.qa

For Further Information, Please Contact:

Zeina El-Hakam/Aileen Culligan
ASDA'A Public Relations - Dubai
Exclusive Affiliate of Edelman PR Worldwide in the Middle East & North Africa
www.asdaa.com
T: +971 4 3355 969
F: +971 4 3356 080

Ben Figgis
Qatar Science & Technology Park
Ph: +974 492 7130
Fx: +974 481 2307

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