DUBAI, UAE - Sept. 26, 2019 - The Sharjah Research, Technology and Innovation Park (SRTI Park) today announced the opening of the Middle East Additive Manufacturing Center (MEAMC). Immensa Technology Labs will be the first to join this center in the region.

His Excellency Hussain Al Mahmoudi, CEO of SRTI Park said: "3D Printing plays a key role in the future of many sectors from construction, medical, and aviation to everything in manufacturing. We at SRTI Park look to foster innovation by providing companies access to a wide array of 3D printing technologies starting with metal 3d printing all the way to concrete 3d printing at the Middle East Additive Manufacturing Center."

Launched at SRTI Park in strategic partnership with Immensa Technology Labs and other partners, the Middle East Additive Manufacturing Center is another step in propelling the UAE to the forefront of the Fourth Industrial Revolution and in becoming a global center for 3D printing. The Center will be equipped with a range of industrial 3D Printers including globally leading machines such as Concept Laser from GE Additive.

This initiative by SRTI Park (https://srtip.ae/) marks a significant milestone in the UAE and wider region. Immensa Technology Labs (https://www.immensalabs.com/) the region's leading additive manufacturing company already has numerous projects in 3D Printing for the Oil & Gas and other sectors that will benefit the new center from the first day of its operations.

"We have seen a huge demand for 3D printing in the UAE with international and regional companies working with Immensa (https://www.immensalabs.com/) to start producing multi-purpose parts that are in the production process for their operations," Fahmi AlShawwa, CEO of Immensa (https://www.immensalabs.com/). "We are very pleased to be partnering with SRTI Park in establishing a production facility for the manufacture of metal additives and look forward to working with the team in building the UAE's position as a global center for industrial 3D printing."

The market size for metal Additive Manufacturing was US$2.6 billion in 2018 and is growing at 20% per year which presents an enormous opportunity as reported by Strategy& part of PWC network (https://www.strategyand.pwc.com/gx/en/insights/metals-3D-printing.html#download). It is estimated that total value of parts that could be produced using metal 3d printing will top USD 14.2 billion within the next 5 to 8 years.