Home / / $68mn DuBiotech lab 'to open in December'

$68mn DuBiotech lab 'to open in December'

Dubai's technology and research park will have capacity for 100 companies.

Dubai Biotechnology and Research Park (DuBiotech) has announced that its $68 million research laboratory will be up and running in December.

Comprising about 250,000 square feet, the research lab will be able to accommodate 100 companies, depending on the company's requirements.

The science and business park for life sciences industry, launched in 2005, currently has 42 companies who have set up offices in the free zone, and many more are in the pipeline, officials said.

Rudaina Al Refai, director of regulatory affairs for DuBiotech, told UAE daily Gulf News on Wednesday that many companies are expanding their operations to start research.

Abdul Aziz said that some of the major industry companies have established base in the park, including international companies like Amgen, Genzyme and Pfizer.

While companies in the park are concentrating on therapeutic at the moment, Al Refai said that there could also be a movement towards agriculture and environment.

Follow us to get the most comprehensive IT business news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.