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Biotech Center in Dubai and the Middle East

Filed in archive Corporate and Industrial News by ruth on August 04, 2005

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Image: Qatar Foundation

Aside from the Nasdaq reports, if there's one thing that indicates what a booming field Biotech has become in the recent years, it's the deluge of investment on setting up research centers all over the world. And the Middle Eastern countires want to have a slice of the potential-profit-pie, too.

In October this year, DuBiotech, a Dubai-based life-sciences park, will commence construction on what it calls a free-trade zone for biotech that will include a generous array of tax incentives, long-term government backing and new facilities. DuBiotech Executive Director Abdulqader Al Khayat says a dozen life sciences companies have already signed contracts for office and lab space in the $400-million complex.

The Qatar Foundation, in the meantime, has already forged partnerships with several leading American institutions including Weill Cornell Medical College, which accepted its first premedical students at its branch campus in Qatar three years ago.

Tobias Levey, who is helping to broker relationships between the University of Zurich and the Persian Gulf states through the Zurich Orient Foundation says that Saudi Arabialinks and Abu Dhabi are the next.

They certainly have the money to build the proper infrastructure and attract the talents. Will the Middle East be the new Singapore?


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