What about the Nanotechnology market in UAE?

United Arab Emirates is located between Saudi Arabia and Oman in the Middle East. The total area of the country is, km2 and it had a population of9,, people as of.UAE has an open economy with the country's Free Trade Zones offering% foreign ownership and zero taxes, which helps in attracting foreign investors. Petroleum and natural gas exports are the country's major export earners. The GDP of the nation was $ billion in.The UAE has an economic climate that is favourable to entrepreneurs, with low barriers to trade, regulations that are conducive to open market policies and a high degree of political stability. Reports released during October revealed that the world’s second largest foundry, GLOBALFOUNDRIES has agreed to partner with Masdar Institute to develop Abu Dhabi as a center for semiconductor R&D and manufacturing excellence. In September, the company allowed students and professors to use its technology facilities at its Abu Dhabi branch. The facilities have a laboratory-like environment with powerful production servers, engineering work stations and a high-speed data network that can be used for enabling remote access to very advanced nanotechnology engineering systems. It also provides wide access to process design kits (PDKs) for advanced semiconductor technology nodes, including the latest High-K Metal Gate (HKMG) transistor technology. In November it was reported that several industries across the UAE are interested in utilising the FEI Quanta™3D DualBeam™ microscope installed at the Masdar Institute of Science and Technology. This microscope will greatly benefit various nanotechnology sectors including the semiconductor industry, oil and gas industry and enables researchers to characterise and analyze new materials.Masdar Institute of Science and Technology was all set to install the region’s first cleanroom lab by the end of. To be able to use the lab at optimal level, three faculty members and four students from the Institute took part in the Second International Workshop on ‘Cleanroom Training for Critical and Sustainable Technologies’ program that was held from June to8 July in Ankara, Turkey. The fifth annual International Workshop on Advanced Materials (IWAM)took place on February-, at Ras Al Khaimah. The workshop focused on new developments in the field of materials science with focus on energy, health and environmental applications. IWAN is conducted every year, and at each event a few graduate students are provided with the opportunity to present their work during poster sessions.A Ph.D student from Masdar Institute has developed an integrated device that can turn any smartphone into a powerful multipurpose tool that can assist scientists and engineers involved in nanotechnology and nanoscience. Other researchers at he same institute have fabricated the first bulk-hetero-junction (BHJ) solar cell in the United Arab Emirates. These Polymer-based organic photovoltaics can be printed onto flexible substrates in a range of colours providing new levels of versatiity in designing with these solar cells making them suited to BIPV applications. The UAE, like many other Arab nations recognise that they must invest more money into R&D to stimulate innovation, which in turn aids economic growth, according to the Advanced Technology Investment Company (ATIC). As of January, the UAE had invested over Dh million since. This has resulted in improved investment into UAE universities. Currently the emirates spends0.6% of GDP on R&D, but this expected to grow in the coming years, further reinforcing an already strong advanced technology ecosystem. This will help stimulate nanotechnology research, in particular semiconductors which is a focal area in UAE's strategy for moving forward.