State-of-the-art biopharma campus set to open in Abu Dhabi

WAM

Mubadala and G42 group have partnered to start a biopharmaceutical manufacturing plant in Abu Dhabi.

The facility will invest in and establish multiple initiatives, leveraging the expertise of Mubadala’s advanced manufacturing companies as well as G42’s capabilities in artificial intelligence and cloud computing. 

The agreement promotes advances in the UAE’s socio-economic growth and diversification while also improving health outcomes across the nation and the wider Middle East region.

Global supply shortages have resulted in biopharmaceuticals becoming a high growth market with a 10 per cent compound annual growth rate (CAGR) over the past five years and have become a priority investment area for Mubadala within the life sciences sector.

The ability of biopharmaceutical products to address previously untreatable conditions has also inspired confidence in the market’s long-term and future growth potential.

More from Business

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    3:00pm - 7:00pm

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

  • Nights on Dubai Eye 103.8

    7:00pm - 11:00pm

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.