Saturday, January 06, 2007

Bio-tech Plant to be set up in Dubai Biotechnology and Research Park

The New Medical Center (NMC) Group based in Abu Dhabi is likely to set up a multi-billion dollar bio-technology plant at Dubai Biotechnology and Research Park, which is the region’s biotech hub that is currently under development.

The Vice-Chairman of the NMC Group, Dr. B.R.Shetty, mentioned that the
multi-billion dollar project is to be the first of its kind in the region. He
added that the group has sought for a land at DuBiotech and once that’s
obtained, the work will commence immediately.

Dubiotech is a business and science park which is dedicated to the biotech industry and is set in a free zone infrastructure. The master plan of DuBiotech are currently being done by the US-based Project managers Parsons and CUH2A which is the world’s largest professional services firm that is dedicated to planning and designing of technology and science facilities.

Also Neopharma, the Pharmaceutical Plant of Dr.Shetty recently entered into a joint venture with India’s leading biotechnology major, Biocon for producing biomedicine in Abu Dhabi. Dr. Shetty mentioned that this is significant for the pharmaceutical industry of UAE, as this will help UAE in producing bio-medicine for the first time.

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