Qatar Science and Technology Park

Yesterday saw the opening ceremony of the Qatar Science and Technology Park (QSTP). The QSTP will combine research, business and educational institutions all in one area making it an ideal place where new technologies are introduced to the world.

World class research and training centers are available for corporations that are willing to take part. Shell, Total, Microsoft, EADS, Exxonmobile, Virgin are amongst the first memebers to join QSTP.

I think this is great, even though it costs around $850 million dollars to build with no immediate payback on investment in the short term, its still better than wasting that money on buying Yachts and building Islands for rich Russians to buy. I have to say I like the direction which Qatar is taking.

Anyways this is the great opening speech by Sheikha Moza of Qatar:

And this is a short intro of what is in the park: