Dr. Ottavia Molinari, President of the Italian Business Council Dubai after welcoming the numerous guests introduced Dr. Marco Baccanti, Dubiotech Free Zone Executive Director who delivered a speech with special topic ‘Benefits of the free zone for the Life Sciences Industry in Dubai’.
Dr. Marco Baccanti, said:
“Launched in 2005, the Dubai Biotechnology and Research Park, has the mission to create the biggest life sciences cluster in the Middle East, adopting a sustainable strategy. Its business model is based on providing the best environment for major players in the life sciences industry and research through leveraging the benefits of its location in Dubai, offering free zone benefits and creating world class infrastructure.”
Dr. Baccanti explained that the free zone currently hosts already 65 major pharmaceutical firms including Pfizer, Genzyme, Merck-Serono and Amgen as well as companies specialized in biomedical and scientific devices, biotechnology, cosmesis, and enzymes.
He added, “DuBiotech offers flexible laboratory space as one of the key components of the sprawling business park. In addition to hosting a range of assets varying from offices to warehouses and land for manufacturing, the 22 million sq. ft. biotechnology cluster enjoys a strategic location with world-class infrastructure. A number of free zone-associated incentives such as full ownership, tax-free profit repatriation and business friendly environment that DuBiotech offers makes the cluster an ideal destination for life sciences companies seeking to address the fast growing regional markets.”
Wednesday, March 24- 2010 @ 12:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.