{"id":94454,"date":"2024-08-02T00:00:00","date_gmt":"2024-08-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-industrial-city-to-get-new-aed-293-mn-medical-manufacturing-facility\/"},"modified":"2024-08-02T00:00:00","modified_gmt":"2024-08-02T00:00:00","slug":"dubai-industrial-city-to-get-new-aed-293-mn-medical-manufacturing-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/02\/dubai-industrial-city-to-get-new-aed-293-mn-medical-manufacturing-facility\/","title":{"rendered":"Dubai Industrial City to get new AED 293 mn medical manufacturing facility"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai to get new medical manufacturing facility: <\/strong>Dubai business park operator Tecom Group signed a Musataha land lease agreement with pharma company Ozon Pharma to set up a AED 293 mn medical manufacturing facility at Dubai Industrial City, in a bid to secure a consistent supply of high-quality medicines, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4geiff-ozon-pharmaceuticals-develop-aed293-million\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement was inked on the sidelines of Innoprom 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Musataha? <\/strong><span style=\"background-color: transparent;\">Musataha agreements grant investors the right to develop and own a plot of land and operate a project and maintain it for a long-term period, with ownership transferring to the government once the agreement elapses.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the facility:<\/strong> The 150.7k sqft facility will comprise two phases, slated to operate at full capacity by next year. The first of the two \u2014 costing some AED 110 mn in investments \u2014 will produce over 300 mn tablets annually, and will employ some 100 specialists. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The facility will comprise two phases, set to go live by next year<\/p>\n","protected":false},"author":1,"featured_media":94455,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1545],"tags":[7,131,1342,64,1637],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam-uae","tag-healthcare","tag-investment","tag-manufacturing","tag-tecom","wpautop","entry"],"acf":{"mongo_id":"7e7dd423-8a05-458a-9dd5-94ca548bd954","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2572.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ozon Pharma to set up AED 293 mn medical manufacturing facility in Dubai","related_issue":[94444],"teaser":"The facility will comprise two phases, set to go live by next year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.fa39f2fd-1d02-491f-8b64-32d4c720e911.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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