DuBiotech begins construction on USD400 million biotechnology cluster

The Dubai Biotechnology and Research Park (DuBiotech), earlier this week, broke ground on the first phase of its USD400 million (AED 1.47 billion) biotechnology industry cluster which will include its laboratory complex and headquarters.

United Arab Emirates: Thursday, July 13 - 2006 at 14:00
PRESS RELEASE

DuBiotech headquarters.

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Dr. Abdulqader Al Khayat, Executive Director of DuBiotech and executives from TECOM Investments including Abdullatif Al Mulla, CEO and George Mushahwar, COO, attended the groundbreaking ceremony.

The laboratory complex will be complete by December 2007 followed by the headquarters in September 2008.

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Caption for 'DuBiotech groundbreaking': Abdullatif Al Mulla, CEO of TECOM Investments, George Mushahwar, COO of TECOM Investments, Dr. Abdulqader Al Khayat, Executive Director of DuBiotech with members of the DuBiotech team at the groundbreaking ceremony.

About Dubai Biotechnology and Research Park (DuBiotech)

Announced in February 2005, the Dubai Biotechnology and Research Park (DuBiotech) is creating a science and business park dedicated to the biotechnology industry. DuBiotech has two main initiatives. The first is the Foundation for Research and Innovation (FRI), which will be its main arm, focusing on government-funded R&D. The FRI will initially focus on medical research and genetics, plant biotechnology encompassing food and agricultural biotech, environmental biotech, equine-related biotechnology, drug discovery, stem cell research, infectious diseases, and forensic research. The second arm of DuBiotech aims to set up a biotechnology industry cluster with the appropriate infrastructure, facilities and services for incubators, R&D labs, biotech-related educational institutions, suppliers, biotech-related manufacturing companies and organisations from other sectors in the industry.

For further information, please contact:

Baiju Francis
Account Manager
JIWIN
The Public Relations Arm of Dubai Press Club
T:+9714 361 3 596
F:+9714 368 8 001
M:+97150 7971996

Posted by Anne-Birte Stensgaard, Senior News Editor
Thursday, July 13 - 2006 at 14:00 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Wednesday, March 28 - 2007

Index : Company News : Dubai Holding : DuBiotech

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